2323 E Washington 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 2323 E Washington St, Suffolk, VA, 23434 uses $91,163 cash to close to unlock $12,865/yr annual cash flow and $1,072/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,346/mo payment keeps the spread at $1,072/mo. Purchase price stands at $275,000, and rental yield measures 11.85% with $2,716/mo rent. Return on cash invested shows 34.02% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 178.28% and total cumulative return in cash records $162,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.98 Acres 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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