148 Lane StSuffolkVA23438
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 148 Lane St, Suffolk, VA, 23438 offers $2,852/mo rent that, after a $1,591/mo payment, leaves $909/mo cash flow. Total monthly income is $2,852/mo, and annual cash flow is $10,907/yr on $107,738 cash. Return on cash invested measures 30.03% in year one, and rental yield stands at 10.53% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 156.85% and total cumulative return in cash reaches $168,985. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,852/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23438, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 811 (100%) |
| Owner Occupied HU | 631 (77.8%) |
| Renter Occupied HU | 97 (12.0%) |
| Vacant Housing Units | 83 (10.2%) |
| Median Home Value | $419,922 |
| Average Home Value | $502,258 |
Housing Distribution
Address Breakdown
Residential
818
Single Family
818
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices