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2518 Dana St, Richmond, VA 23234

2 beds, 1 bath, 817 sqft
Sold: $35,000
Sold on 01/24/13
Zestimate®: $60,398
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Cheap Rental $22,000 Below Assessment! 2518 Dana Street, Richmond, VA 23234 (Property co marketed with Way Out Residential, LLC) Only $37,900! Priced Over $22,000 Below Assessment! Repairs to Rent: Approximately $15,000. The repairs would include some plaster repair, interior/exterior paint, some flooring repair, miscellaneous and cosmetics. Repairs to Retail: Approximetely $30,000. The repairs would include all of the rental repairs as well as general updating, new windows, and HVAC. You might even consider reframing some walls to turn it into 3 bedrooms. Rent should be between $650 and $750 per month (Depending on 2 or 3 bedrooms) After Repaired Value $85,000 This 2 bedroom, 1 bath house is situated on a quiet street in Villa Heights Subdivision, which is near Bells Road and Jeff Davis Highway. The house is 817 Sq Ft and features a front porch, hardwood floors, modern kitchen cabinets, den and dining room, updated electric panel, electric baseboard and area heat, tin roof, and wood siding. This is a great deal to rent and enjoy immediate equity and cash flow. It will also make for a nice rehab in a few years. Contact Greg at (804) 565 9723 email is info@EagleHouseDeals.com To Find out about more Great Deals like this one visit www.EagleHouseDeals.com!  MoreLess
 
Facts
  • Lot: 7,079 sqft
  • Single Family
  • Built in 1930
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Jan 2013 for $35,000
  • Price/sqft: $43
Construction
  • Room count: 5
  • # Stories: 1.0
  • Structure type: Bungalow
  • Unit count: 1
Other
  • Floor size: 817 sqft
  • Lot depth: 150
  • Lot width: 50
  • Parcel #: S0090104009
  • Zillow Home ID: 12543808
Home Values
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$60,398
+$20,218 Last 30 daysd
$50K
$69K
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$725/mo
-$4 Last 30 daysd
$602
$797
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Neighborhood for 2518 Dana Street

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Zillow predicts Jeff Davis home values will increase 1.9% next year, compared to a 1.8% rise for Richmond as a whole. Among Jeff Davis homes, this home is valued 2% more than the midpoint (median) home, but is valued 30% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the Jeff Davis market, the number of foreclosures waiting to be sold dropped 15.7% in the last year. The number of unsold foreclosures is 50% higher than in Richmond, and 95.5% less than the national average. This higher local number may prevent Jeff Davis home values from rising as quickly as other regions in Richmond.

Learn more about forecast calculations or Jeff Davis home values.
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