1120 Grace Hill DrVirginia 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 1120 Grace Hill Dr, Virginia Beach, VA, 23455 earns $749/mo cash flow from $2,752/mo rent with a $1,640/mo payment. Total monthly income totals $2,752/mo, and annual cash flow totals $8,989/yr on $111,053 capital. ROI tracks 28% on current figures, and rental yield reads 9.86% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 146% and total cumulative return in cash sums $162,140. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,752/mo property income instead of your personal income.
Condo
Built in 2006
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: Mike Steele • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10611682