1309 Mikie Ct, Virginia Beach, VA, 23453 | $700/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Virginia Beach at 1309 Mikie Ct, Virginia Beach, VA, 23453 offers a 10.12% rental yield on a $285,000 purchase with $2,404/mo rent. Total monthly income registers $2,404/mo, and a $1,395/mo payment leaves $700/mo available for distribution. Annual cash flow reaches $8,403/yr on $94,478 to close, and return on cash invested stands at 28.8% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 150.29% and total cumulative return in cash at $141,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,404/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1986

3,380 sqft lot

$N/A/sqft

No HOA