1005 Serene Rd #101SuffolkVA23435
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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 Suffolk at 1005 Serene Rd #101, Suffolk, VA, 23435 offers a 8.13% rental yield on a $389,650 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,907/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,731/yr on $129,169 to close, and return on cash invested stands at 22.8% in year one. Equity gained on principal adds $2,514/yr while 5% annual appreciation supports $107,653 over five years. Portfolio math shows five-year ROI at 118.04% and total cumulative return in cash at $152,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,907/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23435, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,501 (100%) |
| Owner Occupied HU | 9,314 (64.2%) |
| Renter Occupied HU | 4,353 (30.0%) |
| Vacant Housing Units | 834 ( 5.8%) |
| Median Home Value | $413,758 |
| Average Home Value | $470,109 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
13,526
Multi-Family
706
Businesses
709
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