313 Central AveSuffolkVA23434
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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 313 Central Ave, Suffolk, VA, 23434 generates $1,709/mo in rent and, after a $799/mo payment, leaves $696/mo in cash flow. Total monthly income is $1,709/mo, and annual cash flow is $8,358/yr on $54,101 invested. Return on cash invested sits at 35.36% in year one, and rental yield is 12.57% on a $163,200 entry. Equity gained on principal adds $1,053/yr, while 5% annual appreciation builds toward $45,089 over five years. Five-year ROI reaches 185.76% and total cumulative return in cash sums $100,498. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,709/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,484 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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