7738 Lakeforest DrNorth ChesterfieldVA23235
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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 North Chesterfield at 7738 Lakeforest Dr, North Chesterfield, VA, 23235 listed at $574,950 pairs $4,159/mo rent with a $2,814/mo payment to leave $722/mo cash flow. Total monthly income runs $4,159/mo, and annual cash flow reaches $8,666/yr on $189,159 cash to close. Return on cash invested measures 24.64% in year one, and rental yield registers 8.68% at a $574,950 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,848 by year five. Five-year ROI tracks 127.93% and total cumulative return in cash totals $241,987. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,159/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23235, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,995 (100%) |
| Owner Occupied HU | 10,444 (69.6%) |
| Renter Occupied HU | 3,908 (26.1%) |
| Vacant Housing Units | 643 ( 4.3%) |
| Median Home Value | $376,617 |
| Average Home Value | $427,965 |
Housing Distribution
Address Breakdown
Residential
15,028
Single Family
12,970
Multi-Family
2,058
Businesses
2,098
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Listed by: Cathy Dyer • Shaheen Ruth Martin & Fonville
Mls Name: CVRMLS
Mls ID: #2601497