6733 Edith Oaks WayRichmondVA23234
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow6733 Edith Oaks Way, Richmond, VA, 23234 in Richmond earns its strong cash-flow label: 10.04% yield, $2,909/mo rent, $663/mo net income, DSCR 1.86. The $347,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $96,008 by year five. Combined with $3,201/yr in principal paydown, total projected return reaches $184,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.5% |
| Monthly Cash Flow | $663 | $450 |
City averages based on Richmond market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,909 |
| Total Monthly Debt Service | $1,939 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2023
3,833 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
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
Townhouse
Built in 2023
3,833 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices