309 N 5th StSuffolkVA23434
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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
Rental property for sale in Suffolk at 309 N 5th St, Suffolk, VA, 23434 generates $1,320/mo in rent and, after a $854/mo payment, leaves $277/mo in cash flow. Total monthly income is $1,320/mo, and annual cash flow is $3,324/yr on $57,847 invested. Return on cash invested sits at 25.65% in year one, and rental yield is 9.08% on a $174,500 entry. Equity gained on principal adds $1,126/yr, while 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 133.38% and total cumulative return in cash sums $77,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
4,356 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
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