345 River Forest RdVirginia BeachVA23454
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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 345 River Forest Rd, Virginia Beach, VA, 23454 priced at $326,900 pairs $2,953/mo rent with $999/mo cash flow after a $1,600/mo payment. Total monthly income equals $2,953/mo, and annual cash flow comes to $11,986/yr on $108,367 invested. Return on cash invested is 30.97% in year one, and rental yield stands at 10.84% on a $326,900 basis. Equity gained on principal adds $2,109/yr, and 5% annual appreciation accumulates to $90,316 by year five. Five-year ROI measures 161.87% and total cumulative return in cash reaches $175,413. For financing, Ziffy Mortgage’s DSCR program evaluates $2,953/mo property income against a $1,600/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23454, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,857 (100%) |
| Owner Occupied HU | 15,563 (65.2%) |
| Renter Occupied HU | 7,512 (31.5%) |
| Vacant Housing Units | 782 ( 3.3%) |
| Median Home Value | $480,811 |
| Average Home Value | $569,803 |
Housing Distribution
Address Breakdown
Residential
24,182
Single Family
21,247
Multi-Family
2,935
Businesses
1,629
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Listed by: V. Lazarus Talley • All Hands Realty Corporation
Mls Name: REIN Inc.
Mls ID: #10611331