Azalea Ranch Plan, Settler's RidgeHenricoVA23231
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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 Henrico at Azalea Ranch Plan, Settler's Ridge, Henrico, VA, 23231 priced at $399,400 converts $1,920/mo rent into after a $1,955/mo obligation. Total monthly income equals $1,920/mo. Return on cash invested prints 13.49% in year one, and rental yield reads 5.77% against a $399,400 entry. Equity gained on principal adds $2,577/yr, while 5% annual appreciation compiles into $110,347 by year five. Five-year ROI reaches 68.93% and total cumulative return in cash sums $91,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $1,955/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$241 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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