8426 Forge RdHenricoVA23228
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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 Henrico at 8426 Forge Rd, Henrico, VA, 23228 uses $147,849 cash to close to unlock $5,350/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $3,112/mo, and a $2,183/mo payment keeps the spread at $446/mo. Purchase price stands at $446,000, and rental yield measures 8.37% with $3,112/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $123,222 over five years. Five-year ROI reaches 121.96% and total cumulative return in cash records $180,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,112/mo property income covering a $2,183/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23228, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,144 (100%) |
| Owner Occupied HU | 8,248 (48.1%) |
| Renter Occupied HU | 7,692 (44.9%) |
| Vacant Housing Units | 1,204 ( 7.0%) |
| Median Home Value | $332,455 |
| Average Home Value | $374,834 |
Housing Distribution
Address Breakdown
Residential
16,712
Single Family
13,678
Multi-Family
3,034
Businesses
1,377
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