703 N Hamilton St APT CRichmondVA23221
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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 703 N Hamilton St APT C, Richmond, VA, 23221 at $310,000 posts ROI 24.94% with $431/mo cash flow from $2,284/mo rent. Total monthly income equals $2,284/mo, and annual cash flow records $5,174/yr on $102,765 to close. Return on cash invested measures 24.94% and rental yield reads 8.84% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 129.6% and total cumulative return in cash totals $133,183.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,284/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1962
8.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23221, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,345 (100%) |
| Owner Occupied HU | 3,976 (47.6%) |
| Renter Occupied HU | 3,922 (47.0%) |
| Vacant Housing Units | 447 ( 5.4%) |
| Median Home Value | $592,338 |
| Average Home Value | $684,208 |
Housing Distribution
Address Breakdown
Residential
7,935
Single Family
5,547
Multi-Family
2,388
Businesses
641
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