Top 10 Richmond Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Richmond-area rental listings from Zillow ranked by cash-on-cash return. East End SFRs, condos, and a new townhome with Realy metrics and investor notes.
These ten listings were pulled from Richmond-area Zillow markets (23223, 23235, 23224) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension, sorted by highest CoC first.
All ten listings show positive CoC under lean assumptions. East End SFRs lead. A cluster of E Richmond Rd condos fills the mid-pack. HOA and insurance are modeled at $0.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
See cash-on-cash formula and NOI guide.
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 3207 Tuxedo Blvd | $155,000 | 2 / 1 | 30.6% | 12.5% | $831 | $1,873 |
| 2 | 1504 Rogers St | $195,000 | 3 / 2 | 30.1% | 12.4% | $1,026 | $2,337 |
| 3 | 10639 Looking Glass Rd | $225,000 | 3 / 3 | 27.9% | 11.9% | $1,098 | $2,611 |
| 4 | 3530 E Richmond Rd #U11 | $125,000 | 3 / 1 | 27.5% | 11.8% | $602 | $1,442 |
| 5 | 707 N 21st St | $230,000 | 4 / 2 | 24.8% | 11.3% | $998 | $2,544 |
| 6 | 3510 E Richmond Rd #U6 | $125,000 | 2 / 1 | 22.2% | 10.7% | $486 | $1,326 |
| 7 | 3518 E Richmond Rd #U12 | $125,000 | 2 / 1 | 20.6% | 10.4% | $450 | $1,290 |
| 8 | 2307 Whitcomb St | $249,950 | 3 / 2 | 18.5% | 10.0% | $811 | $2,491 |
| 9 | 2234 Ingram Ave #5 | $210,000 | 3 / 3 | 17.3% | 9.7% | $636 | $2,048 |
| 10 | 2605 Q St | $196,000 | 3 / n/a | 13.5% | 8.9% | $462 | $1,780 |
#1: 3207 Tuxedo Blvd, Richmond VA 23223
Single family · 2 bed / 1 bath · 1,234 sqft · $155,000
| Metric | Value |
|---|---|
| Cash-on-cash | 30.6% |
| Cap rate | 12.5% |
| Monthly cash flow | $831 |
| Total cash down | $32,550 |
Why it ranks #1: East End SFR under $160K with a $1,873/mo Rent Zestimate.
Investor notes: 27 days on market. Compact two-bed / one-bath. Confirm comps and condition in 23223.
#2: 1504 Rogers St, Richmond VA 23223
Single family · 3 bed / 2 bath · 1,764 sqft · $195,000
| Metric | Value |
|---|---|
| Cash-on-cash | 30.1% |
| Cap rate | 12.4% |
| Monthly cash flow | $1,026 |
Investor notes: $10,000 price cut (Jul 16). East End. 50 days on market. Strong rent relative to ask.
#3: 10639 Looking Glass Rd, North Chesterfield VA 23235
Single family · 3 bed / 3 bath · 1,712 sqft · $225,000
| Metric | Value |
|---|---|
| Cash-on-cash | 27.9% |
| Cap rate | 11.9% |
| Monthly cash flow | $1,098 |
Investor notes: Chesterfield suburb. Zestimate ~$179K vs. $225K list. Recent price change of +$50K in feed. Verify listing history and comps before chasing the CoC print. 11 days on market.
#4: 3530 E Richmond Rd #U11, Richmond VA 23223
Condo · 3 bed / 1 bath · 692 sqft · $125,000
| Metric | Value |
|---|---|
| Cash-on-cash | 27.5% |
| Cap rate | 11.8% |
| Monthly cash flow | $602 |
Investor notes: Compact three-bed condo. 140 days on market. HOA will reshape cash flow. Confirm rental rules.
#5: 707 N 21st St, Richmond VA 23223
Single family · 4 bed / 2 bath · 1,946 sqft · $230,000
| Metric | Value |
|---|---|
| Cash-on-cash | 24.8% |
| Cap rate | 11.3% |
| Monthly cash flow | $998 |
Investor notes: Church Hill / East End. Zestimate ~$346K vs. $230K ask. 4 days on market. Confirm condition and why the gap exists.
#6: 3510 E Richmond Rd #U6, Richmond VA 23223
Condo · 2 bed / 1 bath · 822 sqft · $125,000
| Metric | Value |
|---|---|
| Cash-on-cash | 22.2% |
| Cap rate | 10.7% |
| Monthly cash flow | $486 |
Investor notes: Same E Richmond Rd condo cluster as #4 and #7. 124 days on market. HOA diligence required.
#7: 3518 E Richmond Rd #U12, Richmond VA 23223
Condo · 2 bed / 1 bath · 760 sqft · $125,000
| Metric | Value |
|---|---|
| Cash-on-cash | 20.6% |
| Cap rate | 10.4% |
| Monthly cash flow | $450 |
Investor notes: Twin underwriting profile to #6. 140 days on market. Confirm HOA and reserves.
#8: 2307 Whitcomb St, Richmond VA 23223
Single family · 3 bed / 2 bath · 1,295 sqft · $249,950
| Metric | Value |
|---|---|
| Cash-on-cash | 18.5% |
| Cap rate | 10.0% |
| Monthly cash flow | $811 |
Investor notes: Brand-new listing (1 day). Mid-pack SFR yield. Confirm comps in East End.
#9: 2234 Ingram Ave #5, Richmond VA 23224
Townhouse · new construction · 3 bed / 3 bath · 1,145 sqft · $210,000
| Metric | Value |
|---|---|
| Cash-on-cash | 17.3% |
| Cap rate | 9.7% |
| Monthly cash flow | $636 |
Investor notes: New construction. Southside / 23224. Confirm completion status, HOA, and builder warranties. 52 days on market.
#10: 2605 Q St, Richmond VA 23223
Single family · 3 bed · 1,274 sqft · $196,000
| Metric | Value |
|---|---|
| Cash-on-cash | 13.5% |
| Cap rate | 8.9% |
| Monthly cash flow | $462 |
Investor notes: Bath count missing in feed. Zestimate ~$161K vs. $196K ask. 4 days on market. Thinnest CoC on this screen. Verify layout and condition.
Richmond Patterns
| Pattern | Takeaway |
|---|---|
| East End SFR leads | Top two and several mid-pack rows sit in 23223 |
| Condo cluster | #4, #6, #7 share E Richmond Rd. HOA is the swing factor |
| Zestimate gaps | #3 and #5 need comps verification |
| vs. Virginia state | Compare Virginia top 10 |
Screen Richmond in Realy
- Install Realy
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- Sort by cash-on-cash in the analyzer
Related: First rental checklist · Virginia top 10
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