406 Shelter DrVirginia BeachVA23462
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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 406 Shelter Dr, Virginia Beach, VA, 23462 at $162,000 posts ROI 25.86% with $267/mo cash flow from $1,235/mo rent. Total monthly income equals $1,235/mo, and annual cash flow records $3,198/yr on $53,703 to close. Return on cash invested measures 25.86% and rental yield reads 9.15% at the current $162,000. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 by year five. Five-year ROI prints 134.53% and total cumulative return in cash totals $72,245.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,235/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23462, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,678 (100%) |
| Owner Occupied HU | 15,212 (49.6%) |
| Renter Occupied HU | 14,006 (45.7%) |
| Vacant Housing Units | 1,460 ( 4.8%) |
| Median Home Value | $338,229 |
| Average Home Value | $402,753 |
Housing Distribution
Address Breakdown
Residential
29,327
Single Family
25,195
Multi-Family
4,132
Businesses
2,213
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Listed by: Chris Mangold • Abrams Realty
Mls Name: REIN Inc.
Mls ID: #10592497