715 Azalea AveRichmondVA23227
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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 Richmond at 715 Azalea Ave, Richmond, VA, 23227 generates $2,864/mo in rent and, after a $1,693/mo payment, leaves $796/mo in cash flow. Total monthly income is $2,864/mo, and annual cash flow is $9,555/yr on $114,666 invested. Return on cash invested sits at 28.24% in year one, and rental yield is 9.94% on a $345,900 entry. Equity gained on principal adds $2,232/yr, while 5% annual appreciation builds toward $95,566 over five years. Five-year ROI reaches 147.28% and total cumulative return in cash sums $168,875. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,864/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23227, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,818 (100%) |
| Owner Occupied HU | 6,270 (48.9%) |
| Renter Occupied HU | 5,021 (39.2%) |
| Vacant Housing Units | 1,527 (11.9%) |
| Median Home Value | $398,625 |
| Average Home Value | $437,736 |
Housing Distribution
Address Breakdown
Residential
12,489
Single Family
8,738
Multi-Family
3,751
Businesses
634
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