6720 Edith Oaks WayRichmondVA23234
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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 6720 Edith Oaks Way, Richmond, VA, 23234 uses $116,025 cash to close to unlock $5,698/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $2,737/mo, and a $1,713/mo payment keeps the spread at $475/mo. Purchase price stands at $350,000, and rental yield measures 9.38% with $2,737/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 129.54% and total cumulative return in cash records $150,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,737/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
2,657 sqft lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23234, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,681 (100%) |
| Owner Occupied HU | 10,172 (54.5%) |
| Renter Occupied HU | 7,538 (40.4%) |
| Vacant Housing Units | 971 ( 5.2%) |
| Median Home Value | $316,894 |
| Average Home Value | $348,315 |
Housing Distribution
Address Breakdown
Residential
18,357
Single Family
16,954
Multi-Family
1,403
Businesses
765
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Listed by: Claire Ramsey • Valentine Properties
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2415179
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.