204 Sandbridge Rd UNIT 217Virginia 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
Total monthly income runs $3,442/mo, and a $3,989/mo payment. Purchase price stands at $815,000, and rental yield measures 5.07% with $3,442/mo rent. Return on cash invested shows 13.66% in year one, and 5% annual appreciation builds toward $225,169 over five years. Five-year ROI reaches 69.03% and total cumulative return in cash records $185,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,442/mo property income covering a $3,989/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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: Barbara McCormack • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10616019