226 Grigg StPetersburgVA23803
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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 226 Grigg St, Petersburg, VA, 23803 priced at $125,000 converts $1,694/mo rent into $947/mo cash flow after a $612/mo obligation. Total monthly income equals $1,694/mo, and annual cash flow totals $11,359/yr on $41,438 invested. Return on cash invested prints 47.32% in year one, and rental yield reads 16.26% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 249.61% and total cumulative return in cash sums $103,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,694/mo property income covering a $612/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
0.46 Acres 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: Ryan Brooks • Mid Atlantic Real Estate
Mls Name: CVRMLS
Mls ID: #2525909