2301 Spindrift RdVirginia 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 2301 Spindrift Rd, Virginia Beach, VA, 23451 listed at $1,545,000 pairs $4,183/mo rent with a $7,562/mo payment. Total monthly income runs $4,183/mo. Return on cash invested measures 8.26% in year one, and rental yield registers 3.25% at a $1,545,000 basis. Equity gained on principal adds $9,970/yr, and annual property appreciation at 5% supports $426,855 by year five. Five-year ROI tracks 39.98% and total cumulative return in cash totals $200,139. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,183/mo property income relative to a $7,562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.55 Acres 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: Kathleen Good • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10596620