Raleigh Plan, CastletonHenricoVA23231
Nearby investment properties with comparable rents
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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 Henrico at Raleigh Plan, Castleton, Henrico, VA, 23231 priced at $447,990 converts $3,000/mo rent into $260/mo cash flow after a $2,193/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $3,116/yr on $148,509 invested. Return on cash invested prints 22.01% in year one, and rental yield reads 8.04% against a $447,990 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation compiles into $123,771 by year five. Five-year ROI reaches 114% and total cumulative return in cash sums $169,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $2,193/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$62 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23231, Richmond, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,340 (100%) |
| Owner Occupied HU | 10,472 (64.1%) |
| Renter Occupied HU | 5,121 (31.3%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $345,487 |
| Average Home Value | $421,800 |
Housing Distribution
Address Breakdown
Residential
16,851
Single Family
14,995
Multi-Family
1,856
Businesses
1,031
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