3348 Head River RdVirginia BeachVA23457
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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 3348 Head River Rd, Virginia Beach, VA, 23457 uses $33,150 cash to close to unlock $2,276/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $787/mo, and a $489/mo payment keeps the spread at $190/mo. Purchase price stands at $100,000, and rental yield measures 9.44% with $787/mo rent. Return on cash invested shows 26.77% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 139.45% and total cumulative return in cash records $46,228. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $787/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23457, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,735 (100%) |
| Owner Occupied HU | 1,436 (82.8%) |
| Renter Occupied HU | 205 (11.8%) |
| Vacant Housing Units | 94 ( 5.4%) |
| Median Home Value | $624,832 |
| Average Home Value | $645,035 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,734
Multi-Family
0
Businesses
90
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Listed by: Montario Corprew • 1st Class Real Est Dream Homes
Mls Name: REIN Inc.
Mls ID: #10613690