1488 Coolspring WayVirginia BeachVA23464
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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 1488 Coolspring Way, Virginia Beach, VA, 23464 uses $125,937 cash to close to unlock $6,077/yr annual cash flow and $506/mo monthly cash flow. Total monthly income runs $2,777/mo, and a $1,859/mo payment keeps the spread at $506/mo. Purchase price stands at $379,900, and rental yield measures 8.77% with $2,777/mo rent. Return on cash invested shows 24.73% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 128.46% and total cumulative return in cash records $161,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,777/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
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Listed by: Stephen Do • Iron Valley Real Est Norfolk
Mls Name: REIN Inc.
Mls ID: #10603897