7428 Settlers Ridge CtHenricoVA23231
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Henrico at 7428 Settlers Ridge Ct, Henrico, VA, 23231 priced at $329,500 converts $2,424/mo rent into $148/mo cash flow after a $1,613/mo obligation. Total monthly income equals $2,424/mo, and annual cash flow totals $1,776/yr on $109,229 invested. Return on cash invested prints 21.54% in year one, and rental yield reads 8.83% against a $329,500 entry. Equity gained on principal adds $2,126/yr, while 5% annual appreciation compiles into $91,035 by year five. Five-year ROI reaches 112.56% and total cumulative return in cash sums $122,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,424/mo property income covering a $1,613/mo payment, not borrower’s personal income.
Single Family
Built in 2007
8,346 sqft lot
$N/A/sqft
$306 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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Listed by: Lestra Waldrop • Long & Foster REALTORS
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2425111
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.