8819 Michaux LnHenricoVA23229
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 Henrico at 8819 Michaux Ln, Henrico, VA, 23229 listed at $400,400 pairs $2,755/mo rent with a $1,960/mo payment to leave $361/mo cash flow. Total monthly income runs $2,755/mo, and annual cash flow reaches $4,335/yr on $132,733 cash to close. Return on cash invested measures 23.17% in year one, and rental yield registers 8.26% at a $400,400 basis. Equity gained on principal adds $2,584/yr, and annual property appreciation at 5% supports $110,623 by year five. Five-year ROI tracks 120.1% and total cumulative return in cash totals $159,405. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,755/mo property income relative to a $1,960/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23229, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,262 (100%) |
| Owner Occupied HU | 9,624 (67.5%) |
| Renter Occupied HU | 4,174 (29.3%) |
| Vacant Housing Units | 464 ( 3.3%) |
| Median Home Value | $565,789 |
| Average Home Value | $630,393 |
Housing Distribution
Address Breakdown
Residential
14,179
Single Family
12,472
Multi-Family
1,707
Businesses
752
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices