221 Mannings LnVirginia BeachVA23462
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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 Virginia Beach at 221 Mannings Ln, Virginia Beach, VA, 23462 generates $2,489/mo in rent and, after a $1,566/mo payment, leaves $576/mo in cash flow. Total monthly income is $2,489/mo, and annual cash flow is $6,916/yr on $106,080 invested. Return on cash invested sits at 26.43% in year one, and rental yield is 9.33% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 137.55% and total cumulative return in cash sums $145,911. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,489/mo property income rather than buyer’s personal income.
Townhouse
Built in 1989
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23462, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,678 (100%) |
| Owner Occupied HU | 15,212 (49.6%) |
| Renter Occupied HU | 14,006 (45.7%) |
| Vacant Housing Units | 1,460 ( 4.8%) |
| Median Home Value | $338,229 |
| Average Home Value | $402,753 |
Housing Distribution
Address Breakdown
Residential
29,327
Single Family
25,195
Multi-Family
4,132
Businesses
2,213
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Listed by: John Emry • EXIT Realty Central
Mls Name: REIN Inc.
Mls ID: #10611982