710 Colonial AveColonial HeightsVA23834
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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 Colonial Heights at 710 Colonial Ave, Colonial Heights, VA, 23834 offers a 8.41% rental yield on a $237,200 purchase with $1,662/mo rent. Total monthly income registers $1,662/mo, and a $1,161/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,912/yr on $78,632 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,531/yr while 5% annual appreciation supports $65,534 over five years. Portfolio math shows five-year ROI at 122.44% and total cumulative return in cash at $96,275. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,662/mo property income against a $1,161/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23834, Colonial Heights, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,589 (64.7%) |
| Renter Occupied HU | 3,580 (30.5%) |
| Vacant Housing Units | 553 ( 4.7%) |
| Median Home Value | $282,958 |
| Average Home Value | $320,515 |
Housing Distribution
Address Breakdown
Residential
10,969
Single Family
10,865
Multi-Family
104
Businesses
1,263
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Listed by: Kendal Kirven • 1st Class Real Estate RVA
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2426620
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.