424 Elm StPetersburgVA23803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 424 Elm St, Petersburg, VA, 23803 priced at $100,000 pairs $758/mo rent with $161/mo cash flow after a $489/mo payment. Total monthly income equals $758/mo, and annual cash flow comes to $1,928/yr on $33,150 invested. Return on cash invested is 25.72% in year one, and rental yield stands at 9.1% on a $100,000 basis. Equity gained on principal adds $645/yr, and 5% annual appreciation accumulates to $27,628 by year five. Five-year ROI measures 133.8% and total cumulative return in cash reaches $44,356. For financing, Ziffy Mortgage’s DSCR program evaluates $758/mo property income against a $489/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,501 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Wilson • RVA Realty, Inc
Mls Name: CVRMLS
Mls ID: #2529414