10008 Atlantic RdAtlanticVA23303
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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
Investment property for sale in Atlantic at 10008 Atlantic Rd, Atlantic, VA, 23303 uses $125,804 cash to close to unlock $874/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $2,341/mo, and a $1,857/mo payment keeps the spread at $73/mo. Purchase price stands at $379,500, and rental yield measures 7.4% with $2,341/mo rent. Return on cash invested shows 20.6% in year one, and 5% annual appreciation builds toward $104,849 over five years. Five-year ROI reaches 106.29% and total cumulative return in cash records $133,716. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,341/mo property income covering a $1,857/mo payment rather than investor’s personal income.
Single Family
Built in 1905
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23303, Atlantic, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 295 (100%) |
| Owner Occupied HU | 177 (60.0%) |
| Renter Occupied HU | 69 (23.4%) |
| Vacant Housing Units | 49 (16.6%) |
| Median Home Value | $214,352 |
| Average Home Value | $270,819 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
25
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