2951 Baltic Ave SUITE 103Virginia BeachVA23451
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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 2951 Baltic Ave SUITE 103, Virginia Beach, VA, 23451 earns $249/mo cash flow from $2,102/mo rent with a $1,517/mo payment. Total monthly income totals $2,102/mo, and annual cash flow totals $2,990/yr on $102,765 capital. ROI tracks 22.82% on current figures, and rental yield reads 8.14% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 118.21% and total cumulative return in cash sums $121,483. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,102/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
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Listed by: Leslie Elle Rhue • Seaside Realty
Mls Name: REIN Inc.
Mls ID: #10601266