8824 Farthing DrChesterfieldVA23832
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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
Rental property for sale in Chesterfield at 8824 Farthing Dr, Chesterfield, VA, 23832 priced at $620,990 converts $3,690/mo rent into after a $3,039/mo obligation. Total monthly income equals $3,690/mo. Return on cash invested prints 19.93% in year one, and rental yield reads 7.13% against a $620,990 entry. Equity gained on principal adds $4,007/yr, while 5% annual appreciation compiles into $171,568 by year five. Five-year ROI reaches 102.66% and total cumulative return in cash sums $209,750. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,690/mo property income covering a $3,039/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23832, Chesterfield, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,674 (100%) |
| Owner Occupied HU | 12,960 (82.7%) |
| Renter Occupied HU | 2,359 (15.1%) |
| Vacant Housing Units | 355 ( 2.3%) |
| Median Home Value | $387,676 |
| Average Home Value | $419,762 |
Housing Distribution
Address Breakdown
Residential
15,761
Single Family
15,409
Multi-Family
352
Businesses
844
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Listed by: Kat Flaherty- Copper Grove • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A