2229 Margaret DrVirginia 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
Investment property for sale in Virginia Beach at 2229 Margaret Dr, Virginia Beach, VA, 23456 uses $203,914 cash to close to unlock $2,247/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $3,918/mo, and a $3,034/mo payment keeps the spread at $187/mo. Purchase price stands at $619,800, and rental yield measures 7.59% with $3,918/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $171,239 over five years. Five-year ROI reaches 109.32% and total cumulative return in cash records $222,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,918/mo property income covering a $3,034/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.26 Acres 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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