Providence Plan, Mason YardsRichmondVA23230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Providence Plan, Mason Yards, Richmond, VA, 23230 uses $180,894 cash to close to unlock $2,248/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $3,474/mo, and a $2,691/mo payment keeps the spread at $187/mo. Purchase price stands at $549,830, and rental yield measures 7.58% with $3,474/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $151,908 over five years. Five-year ROI reaches 110.02% and total cumulative return in cash records $199,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,474/mo property income covering a $2,691/mo payment rather than investor’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23230, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,768 (100%) |
| Owner Occupied HU | 1,956 (25.2%) |
| Renter Occupied HU | 4,845 (62.4%) |
| Vacant Housing Units | 967 (12.4%) |
| Median Home Value | $385,445 |
| Average Home Value | $403,986 |
Housing Distribution
Address Breakdown
Residential
7,470
Single Family
3,826
Multi-Family
3,644
Businesses
2,005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices