7712 Hawthorne AveRichmondVA23227
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 Richmond at 7712 Hawthorne Ave, Richmond, VA, 23227 priced at $499,990 converts $3,226/mo rent into $237/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,226/mo, and annual cash flow totals $2,848/yr on $165,747 invested. Return on cash invested prints 21.63% in year one, and rental yield reads 7.74% against a $499,990 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,138 by year five. Five-year ROI reaches 111.8% and total cumulative return in cash sums $185,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,226/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,882 sqft 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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Listed by: Kim Sebrell • Keller Williams Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2419145
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.