3738 Sandpiper Rd APT 116BVirginia BeachVA23456
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 3738 Sandpiper Rd APT 116B, Virginia Beach, VA, 23456 earns $242/mo cash flow from $2,723/mo rent with a $2,031/mo payment. Total monthly income totals $2,723/mo, and annual cash flow totals $2,909/yr on $137,573 capital. ROI tracks 22.02% on current figures, and rental yield reads 7.87% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 113.92% and total cumulative return in cash sums $156,717. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,723/mo property income instead of your personal income.
Condo
Built in 2007
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deana Kilber • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10604586