715 Federal St · Petersburg, VA 23803

$157,000

2 bd · 1.0 ba · 686 sqft · SingleFamily public records · 10 Days on market

Built 1965 2,604 sqft lot Est $128k · 22% over

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Why this score? — see what drove the F 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 +10.9/30.0
• Appreciation +5.7/10.0
• Rent growth +4.0/5.0
• DSCR +3.2/10.0
• Livability +3.1/5.0
• Schools +2.9/10.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks

Welcome to 715 Federal St in Petersburg! This beautifully renovated 2-bedroom, 1-bath home offers modern style and peace of mind, with all major systems updated less than three years ago. The open-concept floor plan creates a bright and inviting living space, perfect for everyday living and entertaining. The kitchen features granite countertops, a spacious island with seating, and ample cabinet space. Luxury vinyl plank flooring runs throughout the home, providing durability and a clean, contemporary look. The updated bathroom showcases a tiled shower and modern finishes. Both bedrooms are generously sized, offering comfortable living and flexible space for guests, a home office, or additio

Key facts

• Spacious island
• Granite countertops
• Rear deck

Tags

• OPEN-CONCEPT FLOOR PLAN
• GRANITE COUNTERTOPS
• SPACIOUS ISLAND
• LUXURY VINYL PLANK FLOORING
• TILED SHOWER
• REAR DECK

Property features AI

Exterior

• Parking: No garage; On-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electric service
• Home design: Single-story; Entry level: First floor
• Construction: Frame construction with drywall and vinyl siding; Asphalt shingle roof
• Exterior features: Front porch; Deck

Interior

• Kitchen: Oven; Stove; Microwave; Dishwasher; Refrigerator; Granite counters
• Bedrooms: Bedroom on first level
• Flooring: Vinyl
• Bathrooms: 1 full bathroom with shower (first level)
• Heating & cooling: Electric forced air heating; Central air conditioning
• Interior features: Ceiling fan(s); Eat-in kitchen; Granite counters
• Laundry & utility: Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $157k.

Deal economics

• At list price, monthly cash flow is $-69 ($-827/yr) — negative.
• To cash-flow at today's rent, offer at most $145k (7.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (22.4% below list).
• Recommended offer: $122k (22.4% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.5% in Petersburg — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: crime F, amenities F, commute 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.
• Zoned schools: Cool Spring Elementary (math 17% / reading 32%, grade F, #1,051 of 1,108 statewide, top 96%, 530 students, 102% FRL); Vernon Johns Middle (math 21% / reading 47%, grade F, #330 of 342 statewide, top 96%, 921 students, 99% FRL); Petersburg High (math 43% / reading 62%, grade C-, #293 of 319 statewide, top 92%, 1,080 students, 97% FRL) — zoned schools average 99% FRL vs 79% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.9%/yr); 294 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 ($1k 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 $44k cash investment doubles in ~9 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 46% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,781 (22.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.78% ✗
• Cap rate: 5.77%
• Cash-on-cash: -1.88%
• DSCR: 0.92
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $128,282
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
242 Shore St	0.34mi	2/1.0	672 (-2%)	20mo	$175,000	$260	64
629 Pegram St	0.30mi	2/1.0	605 (-12%)	2mo	$84,500	$140	64
1014 Jefferson Ln	0.50mi	2/1.0	672 (-2%)	12mo	$126,050	$188	63
917 Lee Ave	0.34mi	2/1.0	768 (+12%)	4mo	$80,000	$104	61
600 S Jefferson St	0.72mi	2/1.0	672 (-2%)	5mo	$82,500	$123	59
14 Ross Ct	0.34mi	2/1.0	728 (+6%)	18mo	$136,000	$187	59
105 S Jones St	0.61mi	2/1.0	658 (-4%)	14mo	$130,000	$198	53
1216 St James St	0.40mi	3/2.0 (+1)	696 (+2%)	20mo	$185,000	$266	53
426 S South St	0.36mi	3/1.0 (+1)	768 (+12%)	11mo	$160,000	$208	49
121 St Marks St	0.52mi	1/1.0 (-1)	608 (-11%)	14mo	$80,000	$132	40
1318 Custer St	0.60mi	2/1.0	768 (+12%)	15mo	$135,000	$176	39
1324 Baylors Ln	0.52mi	2/1.0	784 (+14%)	17mo	$83,500	$107	38

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: 2.4%
• Equity multiple: 1.13×
• Total profit: $5,652
• Equity at exit: $57,295

10-year hold

• IRR: 8.2%
• Equity multiple: 2.11×
• Total profit: $48,919
• Equity at exit: $79,087

Cash invested: $43,960 (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: 294
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,218 high
• Mortgage (P&I): −$823
• Tax from tax record: −$142 /mo · $1,707/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $-69

Break-even live

Break-even rent $1,305

Max offer price $144,826

Occupancy floor —

Sensitivity live

Price	-10% $20	-5% $-24	+0% $-69	+5% $-113	+10% $-158
Rent	-10% $-165	-5% $-117	+0% $-69	+5% $-21	+10% $27
Rate	-1.0pp $10	-0.5pp $-29	base $-69	+0.5pp $-110	+1.0pp $-151

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: $39,250
• Closing costs: $4,710
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
217 N Carolina Ave Petersburg, VA	2.0	1.0	718	$1,025	$1.43	25d	1	0.47mi
204 Saint Mark St Petersburg, VA	1.0	1.0	480	$1,014	$2.11	25d	1	0.47mi
456 Harrison St Unit B Petersburg, VA	1.0	1.0	456	$1,350	$2.96	45d	1	0.49mi
1111 Stainback St Apt 2 Petersburg, VA	2.0	1.0	750	$895	$1.19	45d	1	0.53mi
212 S Dunlop St Petersburg, VA	2.0	1.0	700	$1,250	$1.79	45d	1	0.57mi
325 Brown St Petersburg, VA	1.0–2.0	1.0–2.0	775	$1,310	$1.69	23d	2	0.57mi
325 Brown St Petersburg, VA	1.0–2.0	1.0–2.0	797	$1,395	$1.75	16d	9	0.57mi
109 Perry St Petersburg, VA	1.0–2.0	1.0–2.0	787	$1,577	$2.00	3d	15	0.62mi
16 S Market St Petersburg, VA	1.0–2.0	1.0–2.0	769	$2,312	$3.01	3d	17	0.72mi
647 W Washington St Petersburg, VA	1.0	1.0	595	$595	$1.00	17d	1	0.73mi
801 Hinton St Petersburg, VA	1.0–2.0	1.0–2.0	834	$1,399	$1.68	21d	2	0.78mi
801 Hinton St Petersburg, VA	1.0–2.0	1.0–2.0	745	$1,395	$1.87	3d	8	0.78mi
9 S Market St Petersburg, VA	1.0–2.0	1.0–2.0	721	$1,350	$1.87	18d	6	0.78mi
1517 Halifax St Unit 15 Petersburg, VA	2.0	1.0	650	$895	$1.38	25d	1	0.78mi
1517 Halifax St Unit 20 Petersburg, VA	2.0	1.0	600	$1,195	$1.99	45d	1	0.78mi
1517 Halifax St Unit 3 Petersburg, VA	2.0	1.0	600	$1,195	$1.99	12d	1	0.79mi
9 N Market St Petersburg, VA	1.0	1.0	667	$1,199	$1.80	23d	1	0.81mi
214 N Dunlop St Unit 211 Petersburg, VA	1.0	1.0	667	$1,199	$1.80	45d	1	0.88mi
1528 Lincoln St Petersburg, VA	2.0	1.0	673	$895	$1.33	17d	1	0.89mi
15 N Union St Petersburg, VA	1.0	1.0	633	$999	$1.58	23d	2	0.89mi
15 N Union St Petersburg, VA	1.0	1.0	660	$1,072	$1.62	18d	9	0.89mi
712 High St Unit 4 Petersburg, VA	1.0	1.0	500	$999	$2.00	25d	1	0.89mi
712 High St Unit 9 Petersburg, VA	1.0	1.0	670	$1,100	$1.64	45d	1	0.89mi
712 High St Unit 3 Petersburg, VA	1.0	1.0	539	$999	$1.85	45d	1	0.89mi
712 High St Unit 8 Petersburg, VA	1.0	1.0	502	$999	$1.99	23d	1	0.89mi
214 N Dunlop St Unit 103 Petersburg, VA	1.0	1.0	632	$1,049	$1.66	25d	1	0.92mi
214 N Dunlop St Unit 115 Petersburg, VA	1.0	1.0	667	$1,235	$1.85	25d	1	0.92mi
214 N Dunlop St Petersburg, VA	1.0	1.0	667	$1,210	$1.81	21d	3	0.92mi
214 N Dunlop St Petersburg, VA	1.0–2.0	1.0–2.0	799	$1,395	$1.74	3d	11	0.92mi
214 N Dunlop St Unit 302 Petersburg, VA	1.0	1.0	630	$1,099	$1.74	45d	1	0.92mi
301 N Dunlop St Petersburg, VA	1.0	1.0	609	$998	$1.64	3d	5	0.92mi
301 N Dunlop St Petersburg, VA	1.0	1.0	638	$1,112	$1.74	21d	2	0.92mi
1640 Johnson Rd Petersburg, VA	1.0–3.0	1.0–1.5	972	$1,289	$1.33	3d	11	0.96mi
30 Franklin St Petersburg, VA	2.0	1.0–2.0	755	$1,550	$2.05	21d	1	0.97mi
30 Franklin St Petersburg, VA	1.0	1.0	609	$1,022	$1.68	3d	2	0.97mi
232 High St Unit B Petersburg, VA	1.0	1.0	750	$1,400	$1.87	3d	1	1.03mi
230 N Sycamore St Petersburg, VA	1.0	1.0	622	$1,150	$1.85	3d	7	1.07mi
25 W Bank St Petersburg, VA	1.0	1.0	538	$1,050	$1.95	21d	1	1.12mi
25 W Bank St Petersburg, VA	1.0	1.0	765	$995	$1.30	3d	7	1.12mi
250 E Bank St Petersburg, VA	2.0	1.0–2.0	862	$1,509	$1.75	3d	19	1.25mi

Listing history 9 events

1. 2026-06-17
   days on market $157,000 Active 10 DOM
2. 2026-06-16
   days on market $157,000 Active 9 DOM
3. 2026-06-15
   days on market $157,000 Active 8 DOM
4. 2026-06-13
   statusdays on market $157,000 Active 6 DOM
5. 2026-06-07
   statusdays on market $157,000 Pending 4 DOM
6. 2026-06-05
   days on market $157,000 Active 3 DOM
7. 2026-06-03
   days on market $157,000 Active 2 DOM
8. 2026-06-02
   remarks 699-char remark
9. 2026-06-02
   listed $157,000 Active 1 DOM

ⓘ 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: $1,707 · $142/mo
• Projected year-2 tax: $1,707 · $142/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 46% 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: $14,614
• − Mortgage interest: −$8,794
• − Property taxes: −$1,707
• − Insurance: −$785
• − Repairs & maintenance: −$1,169
• − Management: −$1,169
• − Depreciation: −$4,567
• Taxable loss: −$3,578
• Est. tax savings @ 24.0%: +$859
• After-tax cash flow: $32/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

+1862.5% since first listed

13 events — show timeline

• 2026-06-01 Listed $157,000 CVRMLS
• 2026-04-30 Listing Removed — CVRMLS
• 2026-02-23 Price Changed $157,000 CVRMLS
• 2026-02-10 Price Changed $162,500 CVRMLS
• 2026-01-11 Listed $163,000 CVRMLS
• 2025-12-22 Listing Removed — CVRMLS
• 2025-12-03 Price Changed $162,000 CVRMLS
• 2025-10-04 Listed $165,000 CVRMLS
• 2023-03-16 Sold (Public Records) $152,000 Public Records
• 2023-01-26 Listed $149,000 CVRMLS
• 2022-10-03 Sold (Public Records) $40,000 Public Records
• 2021-07-19 Sold (Public Records) $35,000 Public Records
• 2021-06-28 Sold (Public Records) $8,000 Public Records

Property tax history

+10.7%/yr

Latest (2025): $1,707 · +25.0% YoY. Source: county tax records.