4029 Clarendon WayVirginia BeachVA23456
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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 4029 Clarendon Way, Virginia Beach, VA, 23456 offers a 10.02% rental yield on a $324,900 purchase with $2,712/mo rent. Total monthly income registers $2,712/mo, and a $1,590/mo payment leaves $770/mo available for distribution. Annual cash flow reaches $9,240/yr on $107,704 to close, and return on cash invested stands at 28.49% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,764 over five years. Portfolio math shows five-year ROI at 148.61% and total cumulative return in cash at $160,061. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,712/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
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
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Listed by: Jackie Ellis Dunbar • RE/MAX Alliance
Mls Name: REIN Inc.
Mls ID: #10595495