914 Spirea RdNorth ChesterfieldVA23236
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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 North Chesterfield at 914 Spirea Rd, North Chesterfield, VA, 23236 listed at $349,950 pairs $2,779/mo rent with a $1,713/mo payment to leave $687/mo cash flow. Total monthly income runs $2,779/mo, and annual cash flow reaches $8,243/yr on $116,008 cash to close. Return on cash invested measures 27.01% in year one, and rental yield registers 9.53% at a $349,950 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,685 by year five. Five-year ROI tracks 140.66% and total cumulative return in cash totals $163,174. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,779/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23236, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,328 (100%) |
| Owner Occupied HU | 9,703 (85.7%) |
| Renter Occupied HU | 1,337 (11.8%) |
| Vacant Housing Units | 288 ( 2.5%) |
| Median Home Value | $372,797 |
| Average Home Value | $437,998 |
Housing Distribution
Address Breakdown
Residential
11,090
Single Family
10,807
Multi-Family
283
Businesses
1,046
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Listed by: Kevin Currie • Hometown Realty
Mls Name: CVRMLS
Mls ID: #2530963