512 Lock LnPetersburgVA23805
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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 512 Lock Ln, Petersburg, VA, 23805 listed at $250,000 pairs $1,939/mo rent with a $1,224/mo payment to leave $444/mo cash flow. Total monthly income runs $1,939/mo, and annual cash flow reaches $5,330/yr on $82,875 cash to close. Return on cash invested measures 26.34% in year one, and rental yield registers 9.31% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 137.11% and total cumulative return in cash totals $113,626. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,939/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.28 Acres 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: Kacie Jenkins • Real Broker LLC
Mls Name: CVRMLS
Mls ID: #2527478