1637 Castlefield RdVirginia BeachVA23456
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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 1637 Castlefield Rd, Virginia Beach, VA, 23456 listed at $497,000 pairs $2,963/mo rent with a $2,433/mo payment. Total monthly income runs $2,963/mo. Return on cash invested measures 19.85% in year one, and rental yield registers 7.15% at a $497,000 basis. Equity gained on principal adds $3,207/yr, and annual property appreciation at 5% supports $137,312 by year five. Five-year ROI tracks 102.24% and total cumulative return in cash totals $168,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,963/mo property income relative to a $2,433/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23456, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,148 (100%) |
| Owner Occupied HU | 17,598 (79.5%) |
| Renter Occupied HU | 2,749 (12.4%) |
| Vacant Housing Units | 1,801 ( 8.1%) |
| Median Home Value | $520,060 |
| Average Home Value | $577,130 |
Housing Distribution
Address Breakdown
Residential
21,164
Single Family
21,164
Multi-Family
0
Businesses
939
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Listed by: Jim Leland • LPT Realty LLC
Mls Name: REIN Inc.
Mls ID: #10615228