1072 Backwoods RdVirginia BeachVA23455
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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 1072 Backwoods Rd, Virginia Beach, VA, 23455 uses $149,142 cash to close to unlock $8,167/yr annual cash flow and $681/mo monthly cash flow. Total monthly income runs $3,370/mo, and a $2,202/mo payment keeps the spread at $681/mo. Purchase price stands at $449,900, and rental yield measures 8.99% with $3,370/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash records $196,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,370/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23455, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,549 (100%) |
| Owner Occupied HU | 12,943 (57.4%) |
| Renter Occupied HU | 8,645 (38.3%) |
| Vacant Housing Units | 961 ( 4.3%) |
| Median Home Value | $518,567 |
| Average Home Value | $585,972 |
Housing Distribution
Address Breakdown
Residential
22,417
Single Family
20,420
Multi-Family
1,997
Businesses
1,089
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Listed by: Dee Scruggs-Carstens • ERA Real Estate Professionals
Mls Name: REIN Inc.
Mls ID: #10594673