2329 Cretan CtVirginia BeachVA23454
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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 2329 Cretan Ct, Virginia Beach, VA, 23454 listed at $255,000 pairs $2,418/mo rent with a $1,248/mo payment to leave $894/mo cash flow. Total monthly income runs $2,418/mo, and annual cash flow reaches $10,725/yr on $84,533 cash to close. Return on cash invested measures 32.6% in year one, and rental yield registers 11.38% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 170.61% and total cumulative return in cash totals $144,224. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,418/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23454, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,857 (100%) |
| Owner Occupied HU | 15,563 (65.2%) |
| Renter Occupied HU | 7,512 (31.5%) |
| Vacant Housing Units | 782 ( 3.3%) |
| Median Home Value | $480,811 |
| Average Home Value | $569,803 |
Housing Distribution
Address Breakdown
Residential
24,182
Single Family
21,247
Multi-Family
2,935
Businesses
1,629
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Listed by: John McLaren • Iron Valley Real Est Norfolk
Mls Name: REIN Inc.
Mls ID: #10612835