240 Driftwood RdVirginia 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 240 Driftwood Rd, Virginia Beach, VA, 23452 priced at $344,000 converts $3,438/mo rent into $1,381/mo cash flow after a $1,684/mo obligation. Total monthly income equals $3,438/mo, and annual cash flow totals $16,576/yr on $114,036 invested. Return on cash invested prints 34.44% in year one, and rental yield reads 11.99% against a $344,000 entry. Equity gained on principal adds $2,220/yr, while 5% annual appreciation compiles into $95,041 by year five. Five-year ROI reaches 180.53% and total cumulative return in cash sums $205,874. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,438/mo property income covering a $1,684/mo payment, not borrower’s personal income.
Single Family
Built in 1957
10,454 sqft 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: Mark Spear • Green Tree Real Estate Inc
Mls Name: REIN Inc.
Mls ID: #10609003