9672 Turning Point Dr #ARichmondVA23059
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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 9672 Turning Point Dr #A, Richmond, VA, 23059 uses $112,541 cash to close to unlock $9,795/yr annual cash flow and $816/mo monthly cash flow. Total monthly income runs $2,846/mo, and a $1,662/mo payment keeps the spread at $816/mo. Purchase price stands at $339,490, and rental yield measures 10.06% with $2,846/mo rent. Return on cash invested shows 28.61% in year one, and 5% annual appreciation builds toward $93,795 over five years. Five-year ROI reaches 149.27% and total cumulative return in cash records $167,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,846/mo property income covering a $1,662/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23059, Glen Allen, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 11,612 (74.3%) |
| Renter Occupied HU | 3,492 (22.3%) |
| Vacant Housing Units | 521 ( 3.3%) |
| Median Home Value | $603,290 |
| Average Home Value | $639,208 |
Housing Distribution
Address Breakdown
Residential
16,146
Single Family
15,376
Multi-Family
770
Businesses
690
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