340 Claremont StPetersburgVA23805
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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 340 Claremont St, Petersburg, VA, 23805 offers a 10.79% rental yield on a $217,000 purchase with $1,952/mo rent. Total monthly income registers $1,952/mo, and a $1,062/mo payment leaves $655/mo available for distribution. Annual cash flow reaches $7,859/yr on $71,936 to close, and return on cash invested stands at 30.83% in year one. Equity gained on principal adds $1,400/yr while 5% annual appreciation supports $59,953 over five years. Portfolio math shows five-year ROI at 161.13% and total cumulative return in cash at $115,913. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,952/mo property income against a $1,062/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23805, Petersburg, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,347 (100%) |
| Owner Occupied HU | 5,297 (56.7%) |
| Renter Occupied HU | 3,358 (35.9%) |
| Vacant Housing Units | 692 ( 7.4%) |
| Median Home Value | $258,452 |
| Average Home Value | $302,866 |
Housing Distribution
Address Breakdown
Residential
9,096
Single Family
7,427
Multi-Family
1,669
Businesses
687
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Listed by: Jan Turner • Ridge Point Realty LLC
Mls Name: CVRMLS
Mls ID: #2532103