22506 Simmons AveNorth DinwiddieVA23803
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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 North Dinwiddie at 22506 Simmons Ave, North Dinwiddie, VA, 23803 uses $130,943 cash to close to unlock $925/yr annual cash flow and $77/mo monthly cash flow. Total monthly income runs $2,438/mo, and a $1,933/mo payment keeps the spread at $77/mo. Purchase price stands at $395,000, and rental yield measures 7.41% with $2,438/mo rent. Return on cash invested shows 20.62% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 106.38% and total cumulative return in cash records $139,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,438/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 2026
N/A 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: Sonya Henshaw • Cole Real Estate, Inc.
Mls Name: CVRMLS
Mls ID: #2600973