Devon Plan, WatermarkNorth ChesterfieldVA23234
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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 Devon Plan, Watermark, North Chesterfield, VA, 23234 listed at $344,990 pairs $2,816/mo rent with a $1,689/mo payment to leave $753/mo cash flow. Total monthly income runs $2,816/mo, and annual cash flow reaches $9,039/yr on $114,364 cash to close. Return on cash invested measures 27.81% in year one, and rental yield registers 9.8% at a $344,990 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,314 by year five. Five-year ROI tracks 144.98% and total cumulative return in cash totals $165,805. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,816/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23234, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,681 (100%) |
| Owner Occupied HU | 10,172 (54.5%) |
| Renter Occupied HU | 7,538 (40.4%) |
| Vacant Housing Units | 971 ( 5.2%) |
| Median Home Value | $316,894 |
| Average Home Value | $348,315 |
Housing Distribution
Address Breakdown
Residential
18,357
Single Family
16,954
Multi-Family
1,403
Businesses
765
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Nearby investment properties with comparable prices
Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A