24902 River RdPetersburgVA23803
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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 24902 River Rd, Petersburg, VA, 23803 earns $370/mo cash flow from $2,002/mo rent with a $1,336/mo payment. Total monthly income totals $2,002/mo, and annual cash flow totals $4,443/yr on $90,500 capital. ROI tracks 24.82% on current figures, and rental yield reads 8.8% at a $273,000 purchase. Equity gained on principal adds $1,762/yr, and 5% annual appreciation supports $75,425 over five years. Five-year ROI reaches 128.93% and total cumulative return in cash sums $116,683. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,002/mo property income instead of your personal income.
Single Family
Built in 1946
0.50 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: Tonji Cooke • Legacy Builders Real Estate Group LLC
Mls Name: CVRMLS
Mls ID: #2526779