3117 Ole Towne LnVirginia BeachVA23452
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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 Virginia Beach at 3117 Ole Towne Ln, Virginia Beach, VA, 23452 generates $2,395/mo in rent and, after a $1,419/mo payment, leaves $662/mo in cash flow. Total monthly income is $2,395/mo, and annual cash flow is $7,943/yr on $96,102 invested. Return on cash invested sits at 28.17% in year one, and rental yield is 9.91% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 146.88% and total cumulative return in cash sums $141,153. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,395/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23452, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,682 (100%) |
| Owner Occupied HU | 14,536 (61.4%) |
| Renter Occupied HU | 8,344 (35.2%) |
| Vacant Housing Units | 802 ( 3.4%) |
| Median Home Value | $388,463 |
| Average Home Value | $528,188 |
Housing Distribution
Address Breakdown
Residential
23,604
Single Family
20,038
Multi-Family
3,566
Businesses
2,560
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Listed by: Kevin Raad • Real Broker LLC
Mls Name: REIN Inc.
Mls ID: #10617391