2984 Queen City Rd #29A94OVirginia BeachVA23464
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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 2984 Queen City Rd #29A94O, Virginia Beach, VA, 23464 earns $689/mo cash flow from $3,162/mo rent with a $2,025/mo payment. Total monthly income totals $3,162/mo, and annual cash flow totals $8,265/yr on $137,175 capital. ROI tracks 25.93% on current figures, and rental yield reads 9.17% at a $413,800 purchase. Equity gained on principal adds $2,670/yr, and 5% annual appreciation supports $114,325 over five years. Five-year ROI reaches 134.87% and total cumulative return in cash sums $185,008. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,162/mo property income instead of your personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
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Listed by: N/A • N/A
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