8309 Scott PlRichmondVA23227
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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 8309 Scott Pl, Richmond, VA, 23227 with 5% annual appreciation on a $366,080 basis while $2,610/mo rent supports operations. Total monthly income totals $2,610/mo and a $1,792/mo payment preserves $306/mo for cash returns. Annual cash flow comes to $3,677/yr on $121,356 deployed, and return on cash invested reaches 22.94% in year one. Equity gained on principal adds $2,362/yr, and five-year appreciation sums $101,141 alongside rental yield of 8.56%. Five-year ROI measures 119.24% and total cumulative return in cash totals $144,706.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,610/mo property income versus a $1,792/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$115 monthly 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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