2840 Seaboard RdVirginia 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 2840 Seaboard Rd, Virginia Beach, VA, 23456 offers a 5.63% rental yield on a $974,900 purchase with $4,570/mo rent. 35% in year one. Equity gained on principal adds $6,291/yr while 5% annual appreciation supports $269,347 over five years. Portfolio math shows five-year ROI at 78.09% and total cumulative return in cash at $250,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,570/mo property income against a $4,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
1.30 Acres 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: Chris Bjorkman • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10608907