4132 Ware Neck DrVirginia BeachVA23456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4132 Ware Neck Dr, Virginia Beach, VA, 23456 uses $140,854 cash to close to unlock $9,416/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $3,325/mo, and a $2,080/mo payment keeps the spread at $785/mo. Purchase price stands at $424,900, and rental yield measures 9.39% with $3,325/mo rent. Return on cash invested shows 26.59% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash records $194,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,325/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1986
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Savannah Roy • LPT Realty LLC
Mls Name: REIN Inc.
Mls ID: #10614836