7115 Conifer RdNorth ChesterfieldVA23237
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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
Rental property for sale in North Chesterfield at 7115 Conifer Rd, North Chesterfield, VA, 23237 generates $2,966/mo in rent and, after a $1,835/mo payment, leaves $725/mo in cash flow. Total monthly income is $2,966/mo, and annual cash flow is $8,697/yr on $124,313 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 9.49% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 140.08% and total cumulative return in cash sums $174,135. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,966/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23237, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,717 (100%) |
| Owner Occupied HU | 6,858 (70.6%) |
| Renter Occupied HU | 2,645 (27.2%) |
| Vacant Housing Units | 214 ( 2.2%) |
| Median Home Value | $334,173 |
| Average Home Value | $350,422 |
Housing Distribution
Address Breakdown
Residential
10,115
Single Family
9,550
Multi-Family
565
Businesses
512
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Listed by: Ashley Archer • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2518084