2062 Nicklaus DrSuffolkVA23435
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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
Rental property for sale in Suffolk at 2062 Nicklaus Dr, Suffolk, VA, 23435 offers $3,414/mo rent that, after a $1,777/mo payment, leaves $1,244/mo cash flow. Total monthly income is $3,414/mo, and annual cash flow is $14,925/yr on $120,335 cash. Return on cash invested measures 32.31% in year one, and rental yield stands at 11.29% at a $363,000 entry. Equity gained on principal adds $2,342/yr while 5% annual appreciation compounds into $100,290 by year five. Five-year ROI records 169.07% and total cumulative return in cash reaches $203,451. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,414/mo property income versus a $1,777/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23435, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,501 (100%) |
| Owner Occupied HU | 9,314 (64.2%) |
| Renter Occupied HU | 4,353 (30.0%) |
| Vacant Housing Units | 834 ( 5.8%) |
| Median Home Value | $413,758 |
| Average Home Value | $470,109 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
13,526
Multi-Family
706
Businesses
709
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