7913 Chowning CirHenricoVA23294
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 7913 Chowning Cir, Henrico, VA, 23294 in Henrico: $3,008/mo in rent, $387/mo in net income, 8.23% gross yield, 1.53 DSCR, all at $438,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $121,149 in appreciation and $4,039/yr in principal paydown projects total cumulative return of $190,732.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.5% |
| Monthly Cash Flow | $387 | $300 |
City averages based on Henrico market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,008 |
| Total Monthly Debt Service | $2,447 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23294, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,830 (100%) |
| Owner Occupied HU | 3,046 (34.5%) |
| Renter Occupied HU | 5,451 (61.7%) |
| Vacant Housing Units | 333 ( 3.8%) |
| Median Home Value | $344,580 |
| Average Home Value | $456,274 |
Housing Distribution
Address Breakdown
Residential
8,723
Single Family
6,458
Multi-Family
2,265
Businesses
904
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
Single Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23294, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,830 (100%) |
| Owner Occupied HU | 3,046 (34.5%) |
| Renter Occupied HU | 5,451 (61.7%) |
| Vacant Housing Units | 333 ( 3.8%) |
| Median Home Value | $344,580 |
| Average Home Value | $456,274 |
Housing Distribution
Address Breakdown
Residential
8,723
Single Family
6,458
Multi-Family
2,265
Businesses
904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices