1306 Wakefield 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
Rental property for sale in Virginia Beach at 1306 Wakefield Dr, Virginia Beach, VA, 23455 generates $3,055/mo in rent and, after a $1,958/mo payment, leaves $664/mo in cash flow. Total monthly income is $3,055/mo, and annual cash flow is $7,964/yr on $132,600 invested. Return on cash invested sits at 25.91% in year one, and rental yield is 9.17% on a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 134.78% and total cumulative return in cash sums $178,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,055/mo property income rather than buyer’s personal income.
Townhouse
Built in 1977
0.29 Acres 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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