1804 Olympic DrVirginia BeachVA23453
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder1804 Olympic Dr, Virginia Beach, VA, 23453 in Virginia Beach is a solid income-producing rental, 7.71% gross yield, $2,922/mo rent, $202/mo net cash flow on a $455,000 buy. DSCR 1.43 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $125,708 and $4,191/yr in principal reduction project a total cumulative return of $185,158.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 7.2% |
| Monthly Cash Flow | $202 | $1,850 |
City averages based on Virginia Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,922 |
| Total Monthly Debt Service | $2,539 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
0.48 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1978
0.48 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Chaves • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10594439