9924 Reams 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 9924 Reams Rd, North Chesterfield, VA, 23236 earns $153/mo cash flow from $2,365/mo rent with a $1,811/mo payment. Total monthly income totals $2,365/mo, and annual cash flow totals $1,839/yr on $122,638 capital. ROI tracks 21.41% on current figures, and rental yield reads 7.67% at a $369,950 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,210 over five years. Five-year ROI reaches 110.63% and total cumulative return in cash sums $135,673. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,365/mo property income instead of your personal income.
Single Family
Built in 1976
9,278 sqft 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: Chris Nowlan • Joyner Fine Properties
Mls Name: CVRMLS
Mls ID: #2531587