8517 Elm RdRichmondVA23235
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
Investment Highlights
Investment property for sale in Richmond at 8517 Elm Rd, Richmond, VA, 23235 uses $155,788 cash to close to unlock $83/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $2,816/mo, and a $2,300/mo payment keeps the spread at $7/mo. Purchase price stands at $469,950, and rental yield measures 7.19% with $2,816/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $129,839 over five years. Five-year ROI reaches 102.84% and total cumulative return in cash records $160,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,816/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23235, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,995 (100%) |
| Owner Occupied HU | 10,444 (69.6%) |
| Renter Occupied HU | 3,908 (26.1%) |
| Vacant Housing Units | 643 ( 4.3%) |
| Median Home Value | $376,617 |
| Average Home Value | $427,965 |
Housing Distribution
Address Breakdown
Residential
15,028
Single Family
12,970
Multi-Family
2,058
Businesses
2,098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices