3700 Sandpiper Rd APT 218Virginia BeachVA23456
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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 3700 Sandpiper Rd APT 218, Virginia Beach, VA, 23456 generates $2,932/mo in rent, after a $2,516/mo payment. Total monthly income is $2,932/mo. Return on cash invested sits at 19.06% in year one, and rental yield is 6.85% on a $514,000 entry. Equity gained on principal adds $3,317/yr, while 5% annual appreciation builds toward $142,009 over five years. Five-year ROI reaches 98.01% and total cumulative return in cash sums $165,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,932/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23456, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,148 (100%) |
| Owner Occupied HU | 17,598 (79.5%) |
| Renter Occupied HU | 2,749 (12.4%) |
| Vacant Housing Units | 1,801 ( 8.1%) |
| Median Home Value | $520,060 |
| Average Home Value | $577,130 |
Housing Distribution
Address Breakdown
Residential
21,164
Single Family
21,164
Multi-Family
0
Businesses
939
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Listed by: Trish Puchko • Atkinson Realty
Mls Name: REIN Inc.
Mls ID: #10545450