456 Barnes RdSuffolkVA23437
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 456 Barnes Rd, Suffolk, VA, 23437 in Suffolk at $1,399,000, 3.04% gross yield, is a market-growth asset. Rental yield 3.04%. The $3,539/mo rent partially funds the $6,291/mo debt service; the core return is the 5%/yr price growth projected to add $386,518 over five years. Ziffy Mortgage's DSCR mortgage (0.56) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $218,771.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3% | 5.8% |
| Monthly Cash Flow | $(4,824) | $1,250 |
City averages based on Suffolk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,539 |
| Total Monthly Debt Service | $7,806 |
| DSCR Ratio | 0.45x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1819
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23437, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,633 (79.0%) |
| Renter Occupied HU | 297 (14.4%) |
| Vacant Housing Units | 138 ( 6.7%) |
| Median Home Value | $407,160 |
| Average Home Value | $468,083 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,996
Multi-Family
0
Businesses
66
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
Single Family
Built in 1819
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23437, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,633 (79.0%) |
| Renter Occupied HU | 297 (14.4%) |
| Vacant Housing Units | 138 ( 6.7%) |
| Median Home Value | $407,160 |
| Average Home Value | $468,083 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,996
Multi-Family
0
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Drames • MOP Land and Farms Realty
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10557534
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