615 Grove AvePetersburgVA23803
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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 615 Grove Ave, Petersburg, VA, 23803 priced at $154,000 pairs $1,164/mo rent with $221/mo cash flow after a $754/mo payment. Total monthly income equals $1,164/mo, and annual cash flow comes to $2,648/yr on $51,051 invested. Return on cash invested is 25.1% in year one, and rental yield stands at 9.07% on a $154,000 basis. Equity gained on principal adds $994/yr, and 5% annual appreciation accumulates to $42,547 by year five. Five-year ROI measures 130.63% and total cumulative return in cash reaches $66,686. For financing, Ziffy Mortgage’s DSCR program evaluates $1,164/mo property income against a $754/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1800
9,060 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
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Listed by: Nat Cross • Realty Richmond
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2510456
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.