1804 Cherry Grove Rd NSuffolkVA23432
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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 Suffolk at 1804 Cherry Grove Rd N, Suffolk, VA, 23432 earns from $4,172/mo rent with a $3,671/mo payment. Total monthly income totals $4,172/mo. ROI tracks 18.55% on current figures, and rental yield reads 6.68% at a $750,000 purchase. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 over five years. Five-year ROI reaches 95.22% and total cumulative return in cash sums $234,954. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,172/mo property income instead of your personal income.
Single Family
Built in 1975
5.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23432, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 756 (100%) |
| Owner Occupied HU | 572 (75.7%) |
| Renter Occupied HU | 129 (17.1%) |
| Vacant Housing Units | 55 ( 7.3%) |
| Median Home Value | $454,902 |
| Average Home Value | $473,955 |
Housing Distribution
Address Breakdown
Residential
515
Single Family
515
Multi-Family
0
Businesses
53
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