1113 Nipigon CtVirginia 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 1113 Nipigon Ct, Virginia Beach, VA, 23454 uses $160,778 cash to close to unlock $3,151/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $3,162/mo, and a $2,374/mo payment keeps the spread at $263/mo. Purchase price stands at $485,000, and rental yield measures 7.82% with $3,162/mo rent. Return on cash invested shows 21.87% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 113.08% and total cumulative return in cash records $181,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,162/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1987
8,712 sqft 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: Gabriella Beale • RE/MAX Alliance
Mls Name: REIN Inc.
Mls ID: #10613336