Morganton Plan, Watermark 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
Investment property for sale in Richmond at Morganton Plan, Watermark Townhomes, Richmond, VA, 23234 with 5% annual appreciation on a $319,990 basis while $2,480/mo rent supports operations. Total monthly income totals $2,480/mo and a $1,566/mo payment preserves $362/mo for cash returns. Annual cash flow comes to $4,348/yr on $106,077 deployed, and return on cash invested reaches 24.01% in year one. Equity gained on principal adds $2,065/yr, and five-year appreciation sums $88,407 alongside rental yield of 9.3%. Five-year ROI measures 125.42% and total cumulative return in cash totals $133,044.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,480/mo property income versus a $1,566/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$205 monthly 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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