1145 Oakridge RdPetersburgVA23805
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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 Petersburg at 1145 Oakridge Rd, Petersburg, VA, 23805 uses $111,053 cash to close to unlock $5,605/yr annual cash flow and $467/mo monthly cash flow. Total monthly income runs $2,470/mo, and a $1,640/mo payment keeps the spread at $467/mo. Purchase price stands at $335,000, and rental yield measures 8.85% with $2,470/mo rent. Return on cash invested shows 24.96% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 129.67% and total cumulative return in cash records $143,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,470/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23805, Petersburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,347 (100%) |
| Owner Occupied HU | 5,297 (56.7%) |
| Renter Occupied HU | 3,358 (35.9%) |
| Vacant Housing Units | 692 ( 7.4%) |
| Median Home Value | $258,452 |
| Average Home Value | $302,866 |
Housing Distribution
Address Breakdown
Residential
9,096
Single Family
7,427
Multi-Family
1,669
Businesses
687
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Listed by: Kenneth Pritchett • Weichert Brockwell & Associate
Mls Name: CVRMLS
Mls ID: #2518338