PENWELL Plan, Magnolia Crossing at CentraliaRichmondVA23237
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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 PENWELL Plan, Magnolia Crossing at Centralia, Richmond, VA, 23237 generates $2,640/mo in rent, after a $2,232/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 19.23% in year one, and rental yield is 6.95% on a $455,990 entry. Equity gained on principal adds $2,942/yr, while 5% annual appreciation builds toward $125,982 over five years. Five-year ROI reaches 98.92% and total cumulative return in cash sums $149,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23237, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,717 (100%) |
| Owner Occupied HU | 6,858 (70.6%) |
| Renter Occupied HU | 2,645 (27.2%) |
| Vacant Housing Units | 214 ( 2.2%) |
| Median Home Value | $334,173 |
| Average Home Value | $350,422 |
Housing Distribution
Address Breakdown
Residential
10,115
Single Family
9,550
Multi-Family
565
Businesses
512
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