32600 Nocks Landing RdAtlanticVA23303
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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 Atlantic at 32600 Nocks Landing Rd, Atlantic, VA, 23303 uses $86,919 cash to close to unlock $4,811/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $1,968/mo, and a $1,283/mo payment keeps the spread at $401/mo. Purchase price stands at $262,200, and rental yield measures 9.01% with $1,968/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $72,441 over five years. Five-year ROI reaches 132.23% and total cumulative return in cash records $114,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,968/mo property income covering a $1,283/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23303, Atlantic, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 295 (100%) |
| Owner Occupied HU | 177 (60.0%) |
| Renter Occupied HU | 69 (23.4%) |
| Vacant Housing Units | 49 (16.6%) |
| Median Home Value | $214,352 |
| Average Home Value | $270,819 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
25
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