708 N 32nd StRichmondVA23223
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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 708 N 32nd St, Richmond, VA, 23223 earns $66/mo cash flow from $1,856/mo rent with a $1,395/mo payment. Total monthly income totals $1,856/mo, and annual cash flow totals $796/yr on $94,461 capital. ROI tracks 20.75% on current figures, and rental yield reads 7.82% at a $284,950 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,726 over five years. Five-year ROI reaches 107.51% and total cumulative return in cash sums $101,559. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,856/mo property income instead of your personal income.
Single Family
Built in 1941
3,733 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23223, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,758 (100%) |
| Owner Occupied HU | 10,196 (39.6%) |
| Renter Occupied HU | 13,614 (52.9%) |
| Vacant Housing Units | 1,948 ( 7.6%) |
| Median Home Value | $324,118 |
| Average Home Value | $376,819 |
Housing Distribution
Address Breakdown
Residential
26,126
Single Family
20,110
Multi-Family
6,016
Businesses
1,056
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Listed by: Maria Blanton • NextHome Advantage
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2504418
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 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.