131 Long Cove DrSuffolkVA23435
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Suffolk at 131 Long Cove Dr, Suffolk, VA, 23435 priced at $701,900 converts $3,310/mo rent into after a $3,435/mo obligation. Total monthly income equals $3,310/mo. Return on cash invested prints 15.46% in year one, and rental yield reads 5.66% against a $701,900 entry. Equity gained on principal adds $4,529/yr, while 5% annual appreciation compiles into $193,922 by year five. Five-year ROI reaches 78.67% and total cumulative return in cash sums $181,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,310/mo property income covering a $3,435/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23435, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,501 (100%) |
| Owner Occupied HU | 9,314 (64.2%) |
| Renter Occupied HU | 4,353 (30.0%) |
| Vacant Housing Units | 834 ( 5.8%) |
| Median Home Value | $413,758 |
| Average Home Value | $470,109 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
13,526
Multi-Family
706
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Maggio-Deaton • Chesapeake Homes - Coastal VA - River Club
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N510000000184
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 Nexus MLS. All rights are reserved.