2123 Wake Forest StVirginia BeachVA23451
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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 2123 Wake Forest St, Virginia Beach, VA, 23451 earns from $3,634/mo rent with a $3,818/mo payment. Total monthly income totals $3,634/mo. ROI tracks 15.25% on current figures, and rental yield reads 5.59% at a $780,000 purchase. Equity gained on principal adds $5,033/yr, and 5% annual appreciation supports $215,500 over five years. Five-year ROI reaches 77.53% and total cumulative return in cash sums $198,952. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,634/mo property income instead of your personal income.
Single Family
Built in 1962
6,612 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
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Listed by: Jennifer Cool • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10611940