3860 Governors WayVirginia BeachVA23452
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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
Investment property for sale in Virginia Beach at 3860 Governors Way, Virginia Beach, VA, 23452 uses $66,267 cash to close to unlock $8,957/yr annual cash flow and $746/mo monthly cash flow. Total monthly income runs $1,941/mo, and a $978/mo payment keeps the spread at $746/mo. Purchase price stands at $199,900, and rental yield measures 11.65% with $1,941/mo rent. Return on cash invested shows 33.43% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 175.07% and total cumulative return in cash records $116,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,941/mo property income covering a $978/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
2,313 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23452, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,682 (100%) |
| Owner Occupied HU | 14,536 (61.4%) |
| Renter Occupied HU | 8,344 (35.2%) |
| Vacant Housing Units | 802 ( 3.4%) |
| Median Home Value | $388,463 |
| Average Home Value | $528,188 |
Housing Distribution
Address Breakdown
Residential
23,604
Single Family
20,038
Multi-Family
3,566
Businesses
2,560
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Listed by: Meredith Hayes • The Hogan Group Real Estate
Mls Name: CVRMLS
Mls ID: #2600448