534 Halifax StPetersburgVA23803
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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
Rental property for sale in Petersburg at 534 Halifax St, Petersburg, VA, 23803 priced at $259,000 converts $2,065/mo rent into $516/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,065/mo, and annual cash flow totals $6,197/yr on $85,859 invested. Return on cash invested prints 27.13% in year one, and rental yield reads 9.57% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 141.31% and total cumulative return in cash sums $121,324. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,065/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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: Lacreasia Davis • Garrett Realty Partners
Mls Name: REIN Inc.
Mls ID: #10618265