24915 River RdNorth 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 24915 River Rd, North Dinwiddie, VA, 23803 earns $713/mo cash flow from $1,903/mo rent with a $974/mo payment. Total monthly income totals $1,903/mo, and annual cash flow totals $8,561/yr on $65,969 capital. ROI tracks 32.89% on current figures, and rental yield reads 11.48% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 172.22% and total cumulative return in cash sums $113,610. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,903/mo property income instead of your personal income.
Single Family
Built in 1980
0.76 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: Sharon Thompson • Visionary Vistas
Mls Name: CVRMLS
Mls ID: #2600164