3615 Atlantic Ave APT 1004Virginia BeachVA23451
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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 3615 Atlantic Ave APT 1004, Virginia Beach, VA, 23451 generates $3,152/mo in rent, after a $3,304/mo payment. Total monthly income is $3,152/mo. Return on cash invested sits at 15.29% in year one, and rental yield is 5.6% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 77.75% and total cumulative return in cash sums $172,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,152/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
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Listed by: Emil Nazaryan • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10591536