Zip Code 23224 — Richmond, VA
🟡MODERATE— average returnsD
Below Average
Weak cash flow or high risk · Score: 37/100
Cap Rate
5.2%
Monthly Cash Flow
-$240
Median Home Price
$246,154
DSCR
0.82
Fair Market Rents
- Studio
- $1,170/mo
- 1 Bedroom
- $1,200/mo
- 2 Bedroom
- $1,350/mo
- 3 Bedroom
- $1,730/mo
- 4 Bedroom
- $2,110/mo
Investment Metrics
- Cap Rate
- 5.2%
- Cash-on-Cash Return
- -5.1%
- Price-to-Rent Ratio
- 11.9
- 1% Rule
- 0.70%
- Gross Rent Multiplier
- 11.9
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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