3513 Byrn Brae DrVirginia BeachVA23464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3513 Byrn Brae Dr, Virginia Beach, VA, 23464 uses $210,527 cash to close to unlock $1,473/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $3,948/mo, and a $3,132/mo payment keeps the spread at $123/mo. Purchase price stands at $639,900, and rental yield measures 7.4% with $3,948/mo rent. Return on cash invested shows 20.76% in year one, and 5% annual appreciation builds toward $176,793 over five years. Five-year ROI reaches 107.08% and total cumulative return in cash records $225,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,948/mo property income covering a $3,132/mo payment rather than investor’s personal income.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fred Helm • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10612682