2203 Ferndale AvePetersburgVA23803
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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
Rental property for sale in Petersburg at 2203 Ferndale Ave, Petersburg, VA, 23803 generates $2,047/mo in rent and, after a $1,027/mo payment, leaves $793/mo in cash flow. Total monthly income is $2,047/mo, and annual cash flow is $9,511/yr on $69,582 invested. Return on cash invested sits at 33.58% in year one, and rental yield is 11.7% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 175.9% and total cumulative return in cash sums $122,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,047/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
6,534 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: Krystle Smith • CENTURY 21 New Millennium
Mls Name: Bright MLS
Mls ID: #VAPC2000158