1458 Ferndale Ave · Petersburg, VA 23803

$120,000

3 bd · 1.0 ba · 936 sqft · SingleFamily public records · 14 Days on market

Built 1925 3,114 sqft lot Est $149k · 19% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.2/10.0
• Appreciation +5.7/10.0
• Rent growth +4.0/5.0
• Livability +3.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0

Listing remarks

PRICE IMPROVEMENT!!! Discover the enduring charm of this 1925 bungalow, perfectly positioned in a neighborhood on the rise. 1458 Ferndale Avenue offers a traditional single-level layout featuring three bedrooms and a centralized living area that flows naturally toward the kitchen—a footprint that is as functional as it is classic. This home serves as a versatile canvas for your personal style. Whether you are looking to build sweat equity as a primary resident or seeking a stable addition to a residential portfolio, the focus here is on cosmetic potential. The property is nestled in a quiet pocket of Petersburg just minutes from the vibrant energy of Old Towne, the academic hub of Vir

Key facts

• 3,114 sq ft lot
• Parking
• Built 1925

Property features AI

Exterior

• Parking: Shared driveway; On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-story home; Resale property
• Construction: Built with brick, drywall, plaster, vinyl siding, and wood siding; Metal roof
• Exterior features: Front porch; Guest house; Zoned R-3

Interior

• Kitchen: Kitchen on main level
• Bedrooms: All bedrooms located on the main level
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Heat pump; Electric cooling
• Interior features: Crawl space basement; Tub & shower in full bathroom
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $325 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Cap rate 9.5% vs local median 4.5% in Petersburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 61/100 on livability (#413 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: schools D+, crime F, amenities F.
• Petersburg City Public School District (suburban): math 26% / reading 44% proficiency, ranked #131 of 131 in VA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.9%/yr); 295 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 118 units permitted in Petersburg city in 2024 (84 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($830 loan paydown + $2k appreciation (1.4% local appreciation)).
• Petersburg County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.4% appreciation + 5.9% rent growth), your $34k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $10k; list at $120k implies a 1100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 40% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,000

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 9.54%
• Cash-on-cash: 11.61%
• DSCR: 1.52
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $148,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1458 Ferndale Ave	0.00mi	3/1.0	936 (0%)	1mo	$106,000	$113	99
1341 Hinton St	0.28mi	3/1.0	1,008 (+8%)	2mo	$192,500	$191	73
1124 W Wythe St	0.44mi	3/2.0	960 (+3%)	2mo	$162,500	$169	69
1413 Floyd St	0.59mi	3/1.0	960 (+3%)	2mo	$205,000	$214	66
904 Augusta Ave	0.42mi	3/1.0	1,026 (+10%)	0mo	$163,000	$159	64
1720 Lamar Ave	0.29mi	2/1.5 (-1)	1,040 (+11%)	1mo	$153,500	$148	60
1530 Stark St	0.70mi	3/1.0	960 (+3%)	4mo	$95,000	$99	59
135 Elm St	0.48mi	2/1.0 (-1)	864 (-8%)	1mo	$82,500	$95	59
520 Pegram St	0.62mi	2/1.0 (-1)	893 (-5%)	1mo	$165,000	$185	58
411 Elm St	0.54mi	2/1.0 (-1)	885 (-5%)	5mo	$75,000	$85	56
1401 Hanover St	0.65mi	3/2.0	816 (-13%)	2mo	$200,000	$245	43
2138 Hill St	0.71mi	2/1.0 (-1)	1,022 (+9%)	6mo	$135,000	$132	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.45% appreciation · 5.89% rent growth · sell at horizon

5-year hold

• IRR: 16.5%
• Equity multiple: 1.88×
• Total profit: $29,578
• Equity at exit: $43,793

10-year hold

• IRR: 21.0%
• Equity multiple: 3.85×
• Total profit: $95,616
• Equity at exit: $60,449

Cash invested: $33,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 23803

• Home prices YoY: 0.3%
• Rents YoY: 5.9%
• Active inventory: 295
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,343 high
• Mortgage (P&I): −$629
• Tax from tax record: −$57 /mo · $678/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $325

Break-even live

Break-even rent $931

Max offer price $120,000

Occupancy floor 71%

Sensitivity live

Price	-10% $393	-5% $359	+0% $325	+5% $291	+10% $257
Rent	-10% $219	-5% $272	+0% $325	+5% $378	+10% $431
Rate	-1.0pp $385	-0.5pp $355	base $325	+0.5pp $294	+1.0pp $262

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1121 Stainback St Unit 2108 Petersburg, VA	2.0	1.0	800	$995	$1.24	24d	1	0.46mi
1121 Stainback St Unit 5202 Petersburg, VA	2.0	1.0	800	$995	$1.24	44d	1	0.46mi
1111 Stainback St Apt 2 Petersburg, VA	2.0	1.0	750	$895	$1.19	44d	1	0.51mi
408 S West St Petersburg, VA	2.0	1.0	900	$1,095	$1.22	22d	1	0.51mi
929 Farmer St Petersburg, VA	2.0	1.0	850	$895	$1.05	24d	1	0.64mi
2125 Dupuy Rd Petersburg, VA	3.0	1.0	1063	$1,299	$1.22	2d	1	0.66mi
212 S Dunlop St Petersburg, VA	2.0	1.0	700	$1,250	$1.79	44d	1	0.69mi
214 N Dunlop St Unit 400 Petersburg, VA	2.0	2.0	892	$1,500	$1.68	44d	1	0.72mi
1528 Lincoln St Petersburg, VA	2.0	1.0	673	$895	$1.33	17d	1	0.73mi
214 N Dunlop St Unit 404 Petersburg, VA	2.0	2.0	863	$1,400	$1.62	44d	1	0.82mi
214 N Dunlop St Petersburg, VA	1.0–2.0	1.0–2.0	799	$1,395	$1.74	2d	11	0.82mi
214 N Dunlop St Unit 119 Petersburg, VA	2.0	2.0	988	$1,399	$1.42	44d	1	0.82mi
214 N Dunlop St Apt 305 Petersburg, VA	2.0	2.0	945	$1,350	$1.43	45d	1	0.82mi
801 Hinton St Petersburg, VA	1.0–2.0	1.0–2.0	834	$1,399	$1.68	20d	2	0.85mi
801 Hinton St Petersburg, VA	1.0–2.0	1.0–2.0	745	$1,395	$1.87	2d	8	0.85mi
1131 Hawk St Petersburg, VA	3.0	2.0	1100	$1,800	$1.64	44d	1	0.91mi
714 High St Apt E Petersburg, VA	2.0	2.0	924	$1,300	$1.41	22d	1	0.93mi
1517 Halifax St Unit 10 Petersburg, VA	2.0	1.0	900	$995	$1.11	44d	1	0.94mi
1517 Halifax St Unit 15 Petersburg, VA	2.0	1.0	650	$895	$1.38	24d	1	0.96mi
1517 Halifax St Unit 20 Petersburg, VA	2.0	1.0	600	$1,195	$1.99	44d	1	0.96mi
1517 Halifax St Unit 3 Petersburg, VA	2.0	1.0	600	$1,195	$1.99	11d	1	0.96mi
1516 W Clara Dr Unit 8 Petersburg, VA	2.0	1.0	1000	$995	$0.99	18d	1	1.03mi
3301 Main St Unit A South Chesterfield, VA	2.0	1.0	990	$1,150	$1.16	2d	1	1.07mi
3716 Totty St South Chesterfield, VA	3.0	1.0	1092	$1,700	$1.56	44d	1	1.09mi
1800 Boydton Plank Rd Petersburg, VA	1.0–3.0	1.0	900	$1,425	$1.58	2d	14	1.14mi
325 Brown St Petersburg, VA	1.0–2.0	1.0–2.0	797	$1,395	$1.75	15d	9	1.17mi
325 Brown St Petersburg, VA	1.0–2.0	1.0–2.0	775	$1,310	$1.69	22d	2	1.17mi
109 Perry St Petersburg, VA	1.0–2.0	1.0–2.0	787	$1,577	$2.00	3d	15	1.18mi
718 Confederate Ave Petersburg, VA	3.0	2.0	852	$1,600	$1.88	2d	1	1.19mi
16 S Market St Petersburg, VA	1.0–2.0	1.0–2.0	769	$2,312	$3.01	2d	17	1.28mi
9 S Market St Petersburg, VA	1.0–2.0	1.0–2.0	721	$1,350	$1.87	18d	6	1.35mi
20900 Riverterrace Rd Petersburg, VA	2.0	1.0	950	$1,262	$1.33	2d	4	1.36mi
310 Saint Luke St Petersburg, VA	3.0	2.0	1020	$1,491	$1.46	24d	1	1.38mi
217 N Carolina Ave Petersburg, VA	2.0	1.0	718	$1,025	$1.43	24d	1	1.44mi

Listing history 5 events

1. 2026-04-24
   status Pending
2. 2026-04-17
   price $120,000
3. 2026-04-10
   listed $130,000 Active
4. 2014-09-23
   soldstatus $10,000
5. 1960-06-30
   soldstatus $7,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $678 · $57/mo
• Projected year-2 tax: $984 · $82/mo
• Expected delta: +$306/yr (+$25/mo · 45.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 40% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,113
• − Mortgage interest: −$6,722
• − Property taxes: −$678
• − Insurance: −$600
• − Repairs & maintenance: −$1,289
• − Management: −$1,289
• − Depreciation: −$3,491
• Taxable income: $2,044
• Est. tax owed @ 24.0%: −$491
• After-tax cash flow: $3,409/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Petersburg City Public School District
• NCES district ID: 5102910
• Math proficiency: 26% ▼ -27.00%
• Reading proficiency: 44% ▼ -8.00%
• Median HH income: $34,362
• Composite: 28.78/100
• National rank: #6670
• State rank: #131 of 131 in VA

Livability — Petersburg

• Score: 61/100
• State rank: #413
• US rank: #17309

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D- Housing A Health & safety B- User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Petersburg, VA
• County: Chesterfield County · 406,988 people
• City population: 63,420
• Metro: Richmond, VA
• Population (ZIP): 42,012
• Household income: $57,813
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 2485.0

Population outlook (Petersburg County) Hauer SSP2

• Today (2025): 30,488 people
• By 2030: 29,771 · -2.4%
• By 2040: 28,401 · -6.8%
• By 2050: 27,279 · -10.5%
• By 2075: 25,877 · -15.1%
• By 2100: 24,288 · -20.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 58% White 31% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 1% Romanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5%

Political lean MEDSL · Petersburg

• 2024 margin: Solid D (+72.8) · D 85.8% · R 13.0% · Other 1.2%
• 2008→2024 swing: -5.7pp toward R · 2008: 78.5pp · 2024: 72.8pp
• All cycles: 2024: D+72.8 2020: D+76.5 2016: D+77.0 2012: D+80.4 2008: D+78.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.45%
• Current HPI: 480.5365
• Rent YoY: ▲ 5.89%
• Metro: Richmond, VA
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+1614.3% since first listed

5 events — show timeline

• 2026-04-24 Pending — CVRMLS
• 2026-04-17 Price Changed $120,000 CVRMLS
• 2026-04-10 Listed $130,000 CVRMLS
• 2014-09-23 Sold (Public Records) $10,000 Public Records
• 1960-06-30 Sold (Public Records) $7,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $678 · +62.8% YoY. Source: county tax records.