802 S Meadow StRichmondVA23220
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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 Richmond at 802 S Meadow St, Richmond, VA, 23220 uses $132,799 cash to close to unlock $22,764/yr annual cash flow and $1,897/mo monthly cash flow. Total monthly income runs $4,292/mo, and a $1,961/mo payment keeps the spread at $1,897/mo. Purchase price stands at $400,600, and rental yield measures 12.86% with $4,292/mo rent. Return on cash invested shows 37.05% in year one, and 5% annual appreciation builds toward $110,678 over five years. Five-year ROI reaches 194.52% and total cumulative return in cash records $258,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,292/mo property income covering a $1,961/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23220, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,204 (100%) |
| Owner Occupied HU | 4,744 (24.7%) |
| Renter Occupied HU | 12,895 (67.1%) |
| Vacant Housing Units | 1,565 ( 8.1%) |
| Median Home Value | $514,099 |
| Average Home Value | $600,389 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
10,606
Multi-Family
8,575
Businesses
1,372
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