Raleigh Plan, The Reserve at Springdale ParkRichmondVA23230
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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 Raleigh Plan, The Reserve at Springdale Park, Richmond, VA, 23230 offers a 8.48% rental yield on a $344,950 purchase with $2,438/mo rent. Total monthly income registers $2,438/mo, and a $1,688/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,516/yr on $114,351 to close, and return on cash invested stands at 21.23% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,303 over five years. Portfolio math shows five-year ROI at 110.65% and total cumulative return in cash at $126,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,438/mo property income against a $1,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$250 monthly 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
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