2325 W Great Neck Rd APT 102Virginia 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 2325 W Great Neck Rd APT 102, Virginia Beach, VA, 23451 uses $119,340 cash to close to unlock $3,024/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $2,404/mo, and a $1,762/mo payment keeps the spread at $252/mo. Purchase price stands at $360,000, and rental yield measures 8.01% with $2,404/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 116.14% and total cumulative return in cash records $138,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,404/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A 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: Katie Sanders • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10616383