3225 Florence StVirginia 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
Investment property for sale in Virginia Beach at 3225 Florence St, Virginia Beach, VA, 23452 uses $112,677 cash to close to unlock $6,801/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $2,599/mo, and a $1,664/mo payment keeps the spread at $567/mo. Purchase price stands at $339,900, and rental yield measures 9.18% with $2,599/mo rent. Return on cash invested shows 25.95% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 134.93% and total cumulative return in cash records $152,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,599/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,161 sqft 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: Debbie Crevier-Kent • Cottage Street Realty LLC
Mls Name: REIN Inc.
Mls ID: #10611246