1219 Melville StPetersburgVA23803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Petersburg at 1219 Melville St, Petersburg, VA, 23803 offers $1,127/mo rent that, after a $697/mo payment, leaves $276/mo cash flow. Total monthly income is $1,127/mo, and annual cash flow is $3,307/yr on $47,239 cash. Return on cash invested measures 26.91% in year one, and rental yield stands at 9.49% at a $142,500 entry. Equity gained on principal adds $920/yr while 5% annual appreciation compounds into $39,370 by year five. Five-year ROI records 140.13% and total cumulative return in cash reaches $66,195. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,127/mo property income versus a $697/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
7,649 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23803, Petersburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,617 (100%) |
| Owner Occupied HU | 9,006 (43.7%) |
| Renter Occupied HU | 9,090 (44.1%) |
| Vacant Housing Units | 2,521 (12.2%) |
| Median Home Value | $254,043 |
| Average Home Value | $308,082 |
Housing Distribution
Address Breakdown
Residential
19,287
Single Family
16,903
Multi-Family
2,384
Businesses
1,055
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Listed by: Veronica Crump • Keller Williams Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2428711
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.