The Morgan Plan, Grantham WoodsHenricoVA23231
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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 Henrico at The Morgan Plan, Grantham Woods, Henrico, VA, 23231 with 5% annual appreciation on a $422,500 basis while $3,000/mo rent supports operations. Total monthly income totals $3,000/mo and a $2,068/mo payment preserves $474/mo for cash returns. Annual cash flow comes to $5,691/yr on $140,059 deployed, and return on cash invested reaches 23.97% in year one. Equity gained on principal adds $2,726/yr, and five-year appreciation sums $116,729 alongside rental yield of 8.52%. Five-year ROI measures 124.38% and total cumulative return in cash totals $174,204.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $2,068/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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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