1201 Peoples WayVirginia BeachVA23451
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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 1201 Peoples Way, Virginia Beach, VA, 23451 offers a 10.68% rental yield on a $389,900 purchase with $3,469/mo rent. Total monthly income registers $3,469/mo, and a $1,908/mo payment leaves $1,139/mo available for distribution. Annual cash flow reaches $13,663/yr on $129,252 to close, and return on cash invested stands at 30.48% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 159.25% and total cumulative return in cash at $205,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,469/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
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Listed by: Sara Lannom • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10609338