216 Republic LnSuffolkVA23434
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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 Suffolk at 216 Republic Ln, Suffolk, VA, 23434 listed at $462,500 pairs $3,604/mo rent with a $2,264/mo payment to leave $839/mo cash flow. Total monthly income runs $3,604/mo, and annual cash flow reaches $10,068/yr on $153,319 cash to close. Return on cash invested measures 26.48% in year one, and rental yield registers 9.35% at a $462,500 basis. Equity gained on principal adds $2,984/yr, and annual property appreciation at 5% supports $127,780 by year five. Five-year ROI tracks 137.77% and total cumulative return in cash totals $211,230. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,604/mo property income relative to a $2,264/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23434, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,667 (100%) |
| Owner Occupied HU | 14,067 (62.1%) |
| Renter Occupied HU | 6,804 (30.0%) |
| Vacant Housing Units | 1,796 ( 7.9%) |
| Median Home Value | $358,701 |
| Average Home Value | $380,551 |
Housing Distribution
Address Breakdown
Residential
22,290
Single Family
21,209
Multi-Family
1,081
Businesses
1,240
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