1364 Shipps Cabin RdVirginia BeachVA23457
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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 1364 Shipps Cabin Rd, Virginia Beach, VA, 23457 offers a 6.56% rental yield on a $639,000 purchase with $3,493/mo rent. 19% in year one. Equity gained on principal adds $4,123/yr while 5% annual appreciation supports $176,544 over five years. Portfolio math shows five-year ROI at 93.32% and total cumulative return in cash at $196,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,493/mo property income against a $3,128/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23457, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,735 (100%) |
| Owner Occupied HU | 1,436 (82.8%) |
| Renter Occupied HU | 205 (11.8%) |
| Vacant Housing Units | 94 ( 5.4%) |
| Median Home Value | $624,832 |
| Average Home Value | $645,035 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,734
Multi-Family
0
Businesses
90
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Listed by: Jason Gentry • Pungo Realty LLC
Mls Name: REIN Inc.
Mls ID: #10603460