223 N 7th StSuffolkVA23434
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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 223 N 7th St, Suffolk, VA, 23434 uses $92,820 cash to close to unlock $3,356/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $1,953/mo, and a $1,370/mo payment keeps the spread at $280/mo. Purchase price stands at $280,000, and rental yield measures 8.37% with $1,953/mo rent. Return on cash invested shows 23.52% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 121.95% and total cumulative return in cash records $113,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,953/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A 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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