488 Garrison PlVirginia 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 488 Garrison Pl, Virginia Beach, VA, 23452 with 5% annual appreciation on a $310,000 basis while $2,818/mo rent supports operations. Total monthly income totals $2,818/mo and a $1,517/mo payment preserves $965/mo for cash returns. Annual cash flow comes to $11,582/yr on $102,765 deployed, and return on cash invested reaches 31.18% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,647 alongside rental yield of 10.91%. Five-year ROI measures 163.04% and total cumulative return in cash totals $167,551.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,818/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
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: Donna Gowens-Parker • INTOWN Realty LLC
Mls Name: REIN Inc.
Mls ID: #10598439