237 Dillon DrVirginia BeachVA23452
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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
Rental property for sale in Virginia Beach at 237 Dillon Dr, Virginia Beach, VA, 23452 offers $2,725/mo rent that, after a $1,737/mo payment, leaves $604/mo cash flow. Total monthly income is $2,725/mo, and annual cash flow is $7,242/yr on $117,649 cash. Return on cash invested measures 26.06% in year one, and rental yield stands at 9.21% at a $354,900 entry. Equity gained on principal adds $2,290/yr while 5% annual appreciation compounds into $98,052 by year five. Five-year ROI records 135.58% and total cumulative return in cash reaches $159,508. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,725/mo property income versus a $1,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23452, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,682 (100%) |
| Owner Occupied HU | 14,536 (61.4%) |
| Renter Occupied HU | 8,344 (35.2%) |
| Vacant Housing Units | 802 ( 3.4%) |
| Median Home Value | $388,463 |
| Average Home Value | $528,188 |
Housing Distribution
Address Breakdown
Residential
23,604
Single Family
20,038
Multi-Family
3,566
Businesses
2,560
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Listed by: Jason Bare • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10612882