430 Greenwood Dr · Petersburg, VA 23805

$199,950

3 bd · 1.5 ba · 1,834 sqft · SingleFamily public records · 13 Days on market

Built 1955 10,428 sqft lot Est $264k · 24% under

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Why this score? — see what drove the C+ 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 +23.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.6/10.0
• Livability +3.1/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICED 16K+ BELLOW RECENT BANK APPRAISAL. New Roof just installed May 4th 2014. New kitchen New windows, new heat-pump / Central Air, New Bathrooms, New 200 Amp electrical service installed and done within the last year and a half. Located in a well established quiet neighborhood this home boasts Hardwood Floors through out that has just been refinished. If you are looking for the perfect move in condition home look no further. There are two new heat pumps new kitchen new bathrooms, etc. etc. Enjoy your morning in the screened back porch enjoying the view. Click on the pictures and look for yourself. For the quality and the quantity this is the best deal in the area.

Key facts

• Screened-in porch
• Unfinished basement
• Built-in cabinets

Tags

• WOOD-BURNING FIREPLACE
• BUILT-IN CABINETS
• SCREENED-IN PORCH
• UNFINISHED BASEMENT
• PARK-LIKE LOT

Property features AI

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public water; Public sewer; Electric service
• Home design: 3 stories; Resale property; Shingle roof; Brick and frame construction; Approximate year built
• Construction: Brick and frame construction; Shingle roof; Full unfinished basement
• Exterior features: Rear screened porch

Interior

• Kitchen: Electric cooking; Eat-in kitchen; Pantry; Laminate counters
• Bedrooms: 6 total rooms (includes bedrooms and living spaces)
• Flooring: Vinyl; Wood
• Bathrooms: One full bathroom with tub and shower; One half bathroom
• Heating & cooling: Central electric cooling with zoned controls; Electric heat pump with zoned controls
• Interior features: Book cases; Built-in features; Ceiling fan(s); Separate/formal dining room; Eat-in kitchen; Fireplace; High ceilings; Laminate counters; Pantry
• Laundry & utility: Washer hookup; Dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 8.5% 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: 115 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 118 units permitted in Petersburg city in 2024 (84 in 5+ unit buildings).
• This rent runs 42% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Petersburg County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 15y 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.
• Current owner paid $124k; list at $200k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 50% 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 $199,950

Questions for the listing agent

1. Built in 1955 — 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: 1.06% ✓
• Cap rate: 8.54%
• Cash-on-cash: 8.02%
• DSCR: 1.36
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $264,096
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1855 Westover Ave	0.35mi	3/2.0	1,836 (+0%)	2mo	$305,000	$166	80
1940 Westover Ave	0.27mi	3/2.0	1,750 (-5%)	2mo	$305,000	$174	76
2011 Cumberland Ave	0.15mi	4/2.0 (+1)	1,758 (-4%)	4mo	$330,000	$188	76
1850 Brandon Ave	0.34mi	3/2.0	1,916 (+4%)	4mo	$190,000	$99	71
1770 Arch St	0.47mi	4/2.0 (+1)	1,843 (+0%)	1mo	$320,000	$174	69
1828 Brandon Ave	0.40mi	4/2.0 (+1)	1,777 (-3%)	6mo	$219,900	$124	64
519 Oak Hill Rd	0.39mi	3/1.0	1,978 (+8%)	5mo	$175,000	$88	62
1831 East Blvd	0.38mi	3/2.0	1,630 (-11%)	3mo	$235,000	$144	60
1802 Varina Ave	0.64mi	3/2.5	1,946 (+6%)	4mo	$198,220	$102	53
1866 Fairfax St	0.39mi	4/2.0 (+1)	1,625 (-11%)	4mo	$132,500	$82	52
1824 Powhatan Ave	0.55mi	3/1.5	1,560 (-15%)	6mo	$245,000	$157	44
1754 Monticello St	0.63mi	4/2.0 (+1)	2,103 (+15%)	2mo	$275,000	$131	38

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

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.85×
• Total profit: $-8,586
• Equity at exit: $29,813

10-year hold

• IRR: 5.6%
• Equity multiple: 1.41×
• Total profit: $23,149
• Equity at exit: $17,288

Cash invested: $55,986 (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 23805

• Home prices YoY: -10.6%
• Active inventory: 115
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,126 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$174 /mo · $2,087/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $374

Break-even live

Break-even rent $1,653

Max offer price $199,950

Occupancy floor 77%

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: $49,988
• Closing costs: $5,998
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1806 Powhatan Ave Petersburg, VA	4.0	2.0	1878	$2,495	$1.33	3d	1	0.56mi
335 Claremont St Petersburg, VA	4.0	2.0	2157	$2,500	$1.16	11d	1	0.80mi
2549 Bogese Dr Petersburg, VA	3.0	2.0	2500	$2,300	$0.92	43d	1	1.10mi
531 N Azalea Rd Petersburg, VA	3.0	2.0	1600	$1,595	$1.00	23d	1	1.19mi
709B Fort Hayes Ct Petersburg, VA	2.0	2.0	1628	$1,795	$1.10	14d	1	1.25mi
3316 E Princeton Rd Petersburg, VA	3.0	3.0	2194	$1,995	$0.91	3d	1	1.32mi

Listing history 13 events

1. 2026-06-02
   status $199,950 Pending 13 DOM
2. 2026-06-01
   days on market $199,950 Active 13 DOM
3. 2026-05-31
   days on market $199,950 Active 12 DOM
4. 2026-05-18
   listed $199,950 Active
5. 2014-09-09
   soldstatus $123,700
6. 2014-09-08
   soldstatus $123,700 678-char remark

   Show marketing remark (678 chars)

   PRICED 16K+ BELLOW RECENT BANK APPRAISAL. New Roof just installed May 4th 2014. New kitchen New windows, new heat-pump / Central Air, New Bathrooms, New 200 Amp electrical service installed and done within the last year and a half. Located in a well established quiet neighborhood this home boasts Hardwood Floors through out that has just been refinished. If you are looking for the perfect move in condition home look no further. There are two new heat pumps new kitchen new bathrooms, etc. etc. Enjoy your morning in the screened back porch enjoying the view. Click on the pictures and look for yourself. For the quality and the quantity this is the best deal in the area.

7. 2014-07-24
   historical 678-char remark

   Show marketing remark (678 chars)

   PRICED 16K+ BELLOW RECENT BANK APPRAISAL. New Roof just installed May 4th 2014. New kitchen New windows, new heat-pump / Central Air, New Bathrooms, New 200 Amp electrical service installed and done within the last year and a half. Located in a well established quiet neighborhood this home boasts Hardwood Floors through out that has just been refinished. If you are looking for the perfect move in condition home look no further. There are two new heat pumps new kitchen new bathrooms, etc. etc. Enjoy your morning in the screened back porch enjoying the view. Click on the pictures and look for yourself. For the quality and the quantity this is the best deal in the area.

8. 2014-02-21
   listed $129,700 678-char remark

   Show marketing remark (678 chars)

   PRICED 16K+ BELLOW RECENT BANK APPRAISAL. New Roof just installed May 4th 2014. New kitchen New windows, new heat-pump / Central Air, New Bathrooms, New 200 Amp electrical service installed and done within the last year and a half. Located in a well established quiet neighborhood this home boasts Hardwood Floors through out that has just been refinished. If you are looking for the perfect move in condition home look no further. There are two new heat pumps new kitchen new bathrooms, etc. etc. Enjoy your morning in the screened back porch enjoying the view. Click on the pictures and look for yourself. For the quality and the quantity this is the best deal in the area.

9. 2012-02-10
   soldstatus $53,000 680-char remark

   Show marketing remark (680 chars)

   Nice brick cape located in Petersburg! Featuring 3 bedrooms, 1.5 baths, nice sized family room, and hardwood floors. The partial basement offers extra storage space. And don't miss the screened back porch. This home offers alot of possibilities. Come see for yourself! Property being sold as-is. Inspections are for informational purposes only. This Property is eligible under the Freddie Mac First Look Initiative through 12/6/2011. * * SELLER OFFERING UP TO 3 PERC BUYER'S CLOSING COST ASSISTANCE + 2-YR HOMEPROTECT LIMITED HOME WARRANTY ON ALL OWNER OCCUPIED OFFERS, CLOSED AND FUNDED BY 3/15/2012! GO TO HOMESTEPS SITE FOR MORE DETAILS. ELIGIBILITY RESTRICTIONS APPLY * *

10. 2012-02-10
    soldstatus $53,000

    Show marketing remark (680 chars)

    Nice brick cape located in Petersburg! Featuring 3 bedrooms, 1.5 baths, nice sized family room, and hardwood floors. The partial basement offers extra storage space. And don't miss the screened back porch. This home offers alot of possibilities. Come see for yourself! Property being sold as-is. Inspections are for informational purposes only. This Property is eligible under the Freddie Mac First Look Initiative through 12/6/2011. * * SELLER OFFERING UP TO 3 PERC BUYER'S CLOSING COST ASSISTANCE + 2-YR HOMEPROTECT LIMITED HOME WARRANTY ON ALL OWNER OCCUPIED OFFERS, CLOSED AND FUNDED BY 3/15/2012! GO TO HOMESTEPS SITE FOR MORE DETAILS. ELIGIBILITY RESTRICTIONS APPLY * *

11. 2012-01-25
    historical 680-char remark

    Show marketing remark (680 chars)

    Nice brick cape located in Petersburg! Featuring 3 bedrooms, 1.5 baths, nice sized family room, and hardwood floors. The partial basement offers extra storage space. And don't miss the screened back porch. This home offers alot of possibilities. Come see for yourself! Property being sold as-is. Inspections are for informational purposes only. This Property is eligible under the Freddie Mac First Look Initiative through 12/6/2011. * * SELLER OFFERING UP TO 3 PERC BUYER'S CLOSING COST ASSISTANCE + 2-YR HOMEPROTECT LIMITED HOME WARRANTY ON ALL OWNER OCCUPIED OFFERS, CLOSED AND FUNDED BY 3/15/2012! GO TO HOMESTEPS SITE FOR MORE DETAILS. ELIGIBILITY RESTRICTIONS APPLY * *

12. 2011-11-21
    listed $54,900 680-char remark

    Show marketing remark (680 chars)

    Nice brick cape located in Petersburg! Featuring 3 bedrooms, 1.5 baths, nice sized family room, and hardwood floors. The partial basement offers extra storage space. And don't miss the screened back porch. This home offers alot of possibilities. Come see for yourself! Property being sold as-is. Inspections are for informational purposes only. This Property is eligible under the Freddie Mac First Look Initiative through 12/6/2011. * * SELLER OFFERING UP TO 3 PERC BUYER'S CLOSING COST ASSISTANCE + 2-YR HOMEPROTECT LIMITED HOME WARRANTY ON ALL OWNER OCCUPIED OFFERS, CLOSED AND FUNDED BY 3/15/2012! GO TO HOMESTEPS SITE FOR MORE DETAILS. ELIGIBILITY RESTRICTIONS APPLY * *

13. 1999-08-23
    soldstatus $85,900

ⓘ 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: $2,087 · $174/mo
• Projected year-2 tax: $2,087 · $174/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 50% 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: $25,518
• − Mortgage interest: −$11,200
• − Property taxes: −$2,087
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,041
• − Management: −$2,041
• − Depreciation: −$5,817
• Taxable income: $1,331
• Est. tax owed @ 24.0%: −$320
• After-tax cash flow: $4,170/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: Petersburg City · 21,408 people
• City population: 63,420
• Metro: Richmond, VA
• Population (ZIP): 21,408
• Household income: $60,807
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 719.0

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 0.56)
• Race & ethnicity: Black 58% White 32% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Common ancestry: Italian 2% Lithuanian 1% Hungarian 1%
• Foreign-born: 4% · Canada, Vietnam, South Korea
• Languages at home: 94% English-only · Spanish 3%

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: ▼ -50.37%
• Current HPI: 426.599
• Rent YoY: —
• 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

+132.8% since first listed

10 events — show timeline

• 2026-05-18 Listed $199,950 CVRMLS
• 2014-09-09 Sold (Public Records) $123,700 Public Records
• 2014-09-08 Sold (MLS) $123,700 CVRMLS
• 2014-07-24 Listing Removed — CVRMLS
• 2014-02-21 Listed $129,700 CVRMLS
• 2012-02-10 Sold (Public Records) $53,000 Public Records
• 2012-02-10 Sold (MLS) $53,000 CVRMLS
• 2012-01-25 Listing Removed — CVRMLS
• 2011-11-21 Listed $54,900 CVRMLS
• 1999-08-23 Sold (Public Records) $85,900 Public Records

Property tax history

+0.1%/yr

Latest (2025): $2,087 · +16.0% YoY. Source: county tax records.