306 Gauntlet WaySuffolkVA23434
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Suffolk at 306 Gauntlet Way, Suffolk, VA, 23434 offers $3,078/mo rent that, after a $1,848/mo payment, leaves $774/mo cash flow. Total monthly income is $3,078/mo, and annual cash flow is $9,282/yr on $125,141 cash. Return on cash invested measures 27.33% in year one, and rental yield stands at 9.78% at a $377,500 entry. Equity gained on principal adds $2,436/yr while 5% annual appreciation compounds into $104,296 by year five. Five-year ROI records 142.52% and total cumulative return in cash reaches $178,352. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,078/mo property income versus a $1,848/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23434, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,667 (100%) |
| Owner Occupied HU | 14,067 (62.1%) |
| Renter Occupied HU | 6,804 (30.0%) |
| Vacant Housing Units | 1,796 ( 7.9%) |
| Median Home Value | $358,701 |
| Average Home Value | $380,551 |
Housing Distribution
Address Breakdown
Residential
22,290
Single Family
21,209
Multi-Family
1,081
Businesses
1,240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices