6503 Engel RdRichmondVA23226
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Richmond at 6503 Engel Rd, Richmond, VA, 23226 with 5% annual appreciation on a $150,000 basis while $1,150/mo rent supports operations. Total monthly income totals $1,150/mo and a $734/mo payment preserves $204/mo for cash returns. Annual cash flow comes to $2,448/yr on $49,725 deployed, and return on cash invested reaches 24.83% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.2%. Five-year ROI measures 129.39% and total cumulative return in cash totals $64,338.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,150/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23226, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,827 (100%) |
| Owner Occupied HU | 5,436 (69.5%) |
| Renter Occupied HU | 1,957 (25.0%) |
| Vacant Housing Units | 434 ( 5.5%) |
| Median Home Value | $578,761 |
| Average Home Value | $695,782 |
Housing Distribution
Address Breakdown
Residential
7,873
Single Family
7,400
Multi-Family
473
Businesses
1,078
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Listed by: Nat Cross • Realty Richmond
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428478
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.