3909 Prominence Pl #201Virginia 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 3909 Prominence Pl #201, Virginia Beach, VA, 23452 listed at $235,000 pairs $2,234/mo rent with a $1,150/mo payment to leave $829/mo cash flow. Total monthly income runs $2,234/mo, and annual cash flow reaches $9,953/yr on $77,903 cash to close. Return on cash invested measures 32.69% in year one, and rental yield registers 11.41% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 171.11% and total cumulative return in cash totals $133,300. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,234/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A 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: Gregory Rosenberg • KW Coastal Virginia Chesapeake
Mls Name: REIN Inc.
Mls ID: #10591964