913 Ironington RdRichmondVA23227
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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 913 Ironington Rd, Richmond, VA, 23227 uses $116,589 cash to close to unlock $6,804/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $2,669/mo, and a $1,721/mo payment keeps the spread at $567/mo. Purchase price stands at $351,700, and rental yield measures 9.11% with $2,669/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $97,168 over five years. Five-year ROI reaches 133.84% and total cumulative return in cash records $156,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,669/mo property income covering a $1,721/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.29 Acres lot
$N/A/sqft
No 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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