2421 Redemption CtVirginia BeachVA23456
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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 2421 Redemption Ct, Virginia Beach, VA, 23456 offers $3,780/mo rent that, after a $3,999/mo payment. Total monthly income is $3,780/mo. Return on cash invested measures 15.13% in year one, and rental yield stands at 5.55% at a $817,083 entry. Equity gained on principal adds $5,273/yr while 5% annual appreciation compounds into $225,745 by year five. Five-year ROI records 76.9% and total cumulative return in cash reaches $206,731. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,780/mo property income versus a $3,999/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23456, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,148 (100%) |
| Owner Occupied HU | 17,598 (79.5%) |
| Renter Occupied HU | 2,749 (12.4%) |
| Vacant Housing Units | 1,801 ( 8.1%) |
| Median Home Value | $520,060 |
| Average Home Value | $577,130 |
Housing Distribution
Address Breakdown
Residential
21,164
Single Family
21,164
Multi-Family
0
Businesses
939
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Listed by: Mary Rice • Liz Moore & Associates LLC
Mls Name: REIN Inc.
Mls ID: #10596009