1421 Lakeview 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
Investment property for sale in Virginia Beach at 1421 Lakeview Dr, Virginia Beach, VA, 23455 uses $114,533 cash to close to unlock $7,032/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $2,706/mo, and a $1,691/mo payment keeps the spread at $586/mo. Purchase price stands at $345,500, and rental yield measures 9.4% with $2,706/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $95,455 over five years. Five-year ROI reaches 135.69% and total cumulative return in cash records $155,405. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,706/mo property income covering a $1,691/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.25 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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