2445 Piney Bark DrVirginia 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
Investment property for sale in Virginia Beach at 2445 Piney Bark Dr, Virginia Beach, VA, 23456 offers a 7.39% rental yield on a $559,000 purchase with $3,442/mo rent. Total monthly income registers $3,442/mo, and a $2,736/mo payment leaves $100/mo available for distribution. Annual cash flow reaches $1,205/yr on $183,911 to close, and return on cash invested stands at 20.72% in year one. Equity gained on principal adds $3,607/yr while 5% annual appreciation supports $154,441 over five years. Portfolio math shows five-year ROI at 106.86% and total cumulative return in cash at $196,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,442/mo property income against a $2,736/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
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: Kate Marks • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10598779