MADISON Plan, WatermarkRichmondVA23234
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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 MADISON Plan, Watermark, Richmond, VA, 23234 priced at $360,990 pairs $2,689/mo rent with $531/mo cash flow after a $1,767/mo payment. Total monthly income equals $2,689/mo, and annual cash flow comes to $6,371/yr on $119,668 invested. Return on cash invested is 25.23% in year one, and rental yield stands at 8.94% on a $360,990 basis. Equity gained on principal adds $2,329/yr, and 5% annual appreciation accumulates to $99,735 by year five. Five-year ROI measures 131.11% and total cumulative return in cash reaches $156,896. For financing, Ziffy Mortgage’s DSCR program evaluates $2,689/mo property income against a $1,767/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
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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