8112 Canberra DrRichmondVA23237
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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
Investment property for sale in Richmond at 8112 Canberra Dr, Richmond, VA, 23237 offers a 7.58% rental yield on a $519,900 purchase with $3,283/mo rent. Total monthly income registers $3,283/mo, and a $2,545/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,847/yr on $171,047 to close, and return on cash invested stands at 21.14% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,639 over five years. Portfolio math shows five-year ROI at 109.18% and total cumulative return in cash at $186,748. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,283/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
9,753 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23237, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,717 (100%) |
| Owner Occupied HU | 6,858 (70.6%) |
| Renter Occupied HU | 2,645 (27.2%) |
| Vacant Housing Units | 214 ( 2.2%) |
| Median Home Value | $334,173 |
| Average Home Value | $350,422 |
Housing Distribution
Address Breakdown
Residential
10,115
Single Family
9,550
Multi-Family
565
Businesses
512
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Listed by: Kelley Rourke • South / West Realtors
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2423658
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.