2360 Cherry Grove RdSuffolkVA23438
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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 2360 Cherry Grove Rd, Suffolk, VA, 23438 earns $298/mo cash flow from $3,317/mo rent with a $2,472/mo payment. Total monthly income totals $3,317/mo, and annual cash flow totals $3,575/yr on $166,145 capital. ROI tracks 22.21% on current figures, and rental yield reads 7.88% at a $504,999 purchase. Equity gained on principal adds $3,259/yr, and 5% annual appreciation supports $139,522 over five years. Five-year ROI reaches 114.87% and total cumulative return in cash sums $190,853. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,317/mo property income instead of your personal income.
Single Family
Built in 2022
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23438, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 811 (100%) |
| Owner Occupied HU | 631 (77.8%) |
| Renter Occupied HU | 97 (12.0%) |
| Vacant Housing Units | 83 (10.2%) |
| Median Home Value | $419,922 |
| Average Home Value | $502,258 |
Housing Distribution
Address Breakdown
Residential
818
Single Family
818
Multi-Family
0
Businesses
40
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