3844 Affirmed WayVirginia 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 3844 Affirmed Way, Virginia Beach, VA, 23456 uses $220,430 cash to close to unlock $3,686/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $4,312/mo, and a $3,279/mo payment keeps the spread at $307/mo. Purchase price stands at $670,000, and rental yield measures 7.72% with $4,312/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $185,109 over five years. Five-year ROI reaches 112.32% and total cumulative return in cash records $247,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,312/mo property income covering a $3,279/mo payment rather than investor’s personal income.
Single Family
Built in 2003
9,147 sqft 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: Bill Eiseman • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10615770