1960 Southaven DrVirginia 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 1960 Southaven Dr, Virginia Beach, VA, 23464 earns $283/mo cash flow from $2,708/mo rent with a $1,958/mo payment. Total monthly income totals $2,708/mo, and annual cash flow totals $3,392/yr on $132,600 capital. ROI tracks 22.47% on current figures, and rental yield reads 8.12% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 116.39% and total cumulative return in cash sums $154,336. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,708/mo property income instead of your personal income.
Single Family
Built in 1987
5,972 sqft lot
$N/A/sqft
$28 monthly 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: Ally Williams • Own Real Estate LLC
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10593724
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