6503 W Grace StRichmondVA23226
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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 W Grace St, Richmond, VA, 23226 offers a 8.55% rental yield on a $369,950 purchase with $2,636/mo rent. Total monthly income registers $2,636/mo, and a $1,811/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,091/yr on $122,638 to close, and return on cash invested stands at 24.06% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,210 over five years. Portfolio math shows five-year ROI at 124.86% and total cumulative return in cash at $153,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,636/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
8,080 sqft 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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