1089 Honeycutt WayVirginia BeachVA23464
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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 1089 Honeycutt Way, Virginia Beach, VA, 23464 earns $418/mo cash flow from $3,167/mo rent with a $2,251/mo payment. Total monthly income totals $3,167/mo, and annual cash flow totals $5,012/yr on $152,490 capital. ROI tracks 23.2% on current figures, and rental yield reads 8.26% at a $460,000 purchase. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,090 over five years. Five-year ROI reaches 120.19% and total cumulative return in cash sums $183,277. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,167/mo property income instead of your personal income.
Condo
Built in 1988
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
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Listed by: Anna Paduhovich • Keller Williams Capital Props.
Mls Name: REIN Inc.
Mls ID: #10614922