Columbia Plan, FairwaysRichmondVA23223
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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 Richmond at Columbia Plan, Fairways, Richmond, VA, 23223 offers $3,341/mo rent that, after a $2,300/mo payment, leaves $532/mo cash flow. Total monthly income is $3,341/mo, and annual cash flow is $6,382/yr on $155,802 cash. Return on cash invested measures 24.01% in year one, and rental yield stands at 8.53% at a $469,990 entry. Equity gained on principal adds $3,033/yr while 5% annual appreciation compounds into $129,850 by year five. Five-year ROI records 124.52% and total cumulative return in cash reaches $194,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,341/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23223, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,758 (100%) |
| Owner Occupied HU | 10,196 (39.6%) |
| Renter Occupied HU | 13,614 (52.9%) |
| Vacant Housing Units | 1,948 ( 7.6%) |
| Median Home Value | $324,118 |
| Average Home Value | $376,819 |
Housing Distribution
Address Breakdown
Residential
26,126
Single Family
20,110
Multi-Family
6,016
Businesses
1,056
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