Southside starter rental, turnkey condition
45XX Wayside Dr · Richmond, VA 23234 · Chesterfield County County
Front elevation
1 / 6Asking price
$189,000
ARV range
$224K–$238K
Repairs
$4K–$9K
Discount to ARV
18.2%
Projected profit
$10,960
ROI
5.4%
Cap rate
7.1%
Cash-on-cash
3.9%
Underwrite this deal
Every input is editable and every number recalculates instantly. Seller figures are pre-filled — replace them with your own assumptions.
Maximum allowable offer
$154,550
Asking price is $34K above your rule.
Total basis
$203,870
Selling costs
$16,170
Holding costs
$840
Contingency
$650
Net profit
$10,960
ROI
5.4%
Annualized ROI
32.3%
Break-even sale price
$219,215
Modeled projections for demonstration only. They are not an appraisal, a guarantee of returns, or investment advice.
Recently vacated rental in rent-ready condition. Carpet was replaced this spring and the interior was repainted. This is a low-scope acquisition intended for immediate lease-up rather than renovation.
Beds / baths
3 / 2
Square feet
1,320
Lot size
9,800 sqft
Year built
1974
Units
1
Occupancy
Vacant
Market rent
$1,725/mo
Taxes
$140/mo
Access
Vacant with lockbox
Highlights
- Rent-ready with new carpet and fresh paint
- Chesterfield County tax rate is materially lower than the city
- Large fenced yard and carport
Known repairs
- Deep clean
- Minor drywall patching
- Exterior pressure wash
Deal structure
Direct-to-seller with a 21-day close and standard contingencies accepted.