Gates Plan, Kinwick TownhomesRichmondVA23234
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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 Gates Plan, Kinwick Townhomes, Richmond, VA, 23234 offers $1,800/mo rent that, after a $1,356/mo payment, leaves $144/mo cash flow. Total monthly income is $1,800/mo, and annual cash flow is $1,728/yr on $91,809 cash. Return on cash invested measures 21.79% in year one, and rental yield stands at 7.8% at a $276,950 entry. Equity gained on principal adds $1,787/yr while 5% annual appreciation compounds into $76,516 by year five. Five-year ROI records 112.65% and total cumulative return in cash reaches $103,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,800/mo property income versus a $1,356/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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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