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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Suffolk at 118 Walnut St, Suffolk, VA, 23434 with 5% annual appreciation on a $100,000 basis while $793/mo rent supports operations. Total monthly income totals $793/mo and a $489/mo payment preserves $196/mo for cash returns. Annual cash flow comes to $2,348/yr on $33,150 deployed, and return on cash invested reaches 26.99% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.52%. Five-year ROI measures 140.57% and total cumulative return in cash totals $46,600.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $793/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23434, Suffolk, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,667 (100%) |
| Owner Occupied HU | 14,067 (62.1%) |
| Renter Occupied HU | 6,804 (30.0%) |
| Vacant Housing Units | 1,796 ( 7.9%) |
| Median Home Value | $358,701 |
| Average Home Value | $380,551 |
Residential
22,290
Single Family
21,209
Multi-Family
1,081
Businesses
1,240
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tami Springer • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10607724
