6706 Hermitage RdHenricoVA23228
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Nearby investment properties with comparable prices
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
Rental property for sale in Henrico at 6706 Hermitage Rd, Henrico, VA, 23228 offers $2,147/mo rent that, after a $1,321/mo payment, leaves $534/mo cash flow. Total monthly income is $2,147/mo, and annual cash flow is $6,402/yr on $89,503 cash. Return on cash invested measures 27.06% in year one, and rental yield stands at 9.54% at a $269,995 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,595 by year five. Five-year ROI records 140.94% and total cumulative return in cash reaches $126,144. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,147/mo property income versus a $1,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,169 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23228, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,144 (100%) |
| Owner Occupied HU | 8,248 (48.1%) |
| Renter Occupied HU | 7,692 (44.9%) |
| Vacant Housing Units | 1,204 ( 7.0%) |
| Median Home Value | $332,455 |
| Average Home Value | $374,834 |
Housing Distribution
Address Breakdown
Residential
16,712
Single Family
13,678
Multi-Family
3,034
Businesses
1,377
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Nearby investment properties with comparable prices
Listed by: Kat Karger • Resource Realty Services
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2423624
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.