3881 Nansemond PkwySuffolkVA23435
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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 Suffolk at 3881 Nansemond Pkwy, Suffolk, VA, 23435 uses $76,245 cash to close to unlock $5,794/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $1,126/mo payment keeps the spread at $483/mo. Purchase price stands at $230,000, and rental yield measures 9.69% with $1,858/mo rent. Return on cash invested shows 27.51% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 143.31% and total cumulative return in cash records $109,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23435, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,501 (100%) |
| Owner Occupied HU | 9,314 (64.2%) |
| Renter Occupied HU | 4,353 (30.0%) |
| Vacant Housing Units | 834 ( 5.8%) |
| Median Home Value | $413,758 |
| Average Home Value | $470,109 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
13,526
Multi-Family
706
Businesses
709
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