1055 Old Dam Neck RdVirginia BeachVA23454
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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 Virginia Beach at 1055 Old Dam Neck Rd, Virginia Beach, VA, 23454 listed at $670,000 pairs $4,078/mo rent with a $3,279/mo payment to leave $73/mo cash flow. Total monthly income runs $4,078/mo, and annual cash flow reaches $878/yr on $220,430 cash to close. Return on cash invested measures 20.46% in year one, and rental yield registers 7.3% at a $670,000 basis. Equity gained on principal adds $4,323/yr, and annual property appreciation at 5% supports $185,109 by year five. Five-year ROI tracks 105.49% and total cumulative return in cash totals $232,529. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,078/mo property income relative to a $3,279/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23454, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,857 (100%) |
| Owner Occupied HU | 15,563 (65.2%) |
| Renter Occupied HU | 7,512 (31.5%) |
| Vacant Housing Units | 782 ( 3.3%) |
| Median Home Value | $480,811 |
| Average Home Value | $569,803 |
Housing Distribution
Address Breakdown
Residential
24,182
Single Family
21,247
Multi-Family
2,935
Businesses
1,629
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Listed by: Cheryl Hickok • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10591339