4977 Almandine AveVirginia BeachVA23462
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 4977 Almandine Ave, Virginia Beach, VA, 23462 at $362,000 posts ROI 24.56% with $465/mo cash flow from $3,037/mo rent. Total monthly income equals $3,037/mo, and annual cash flow records $5,583/yr on $120,003 to close. Return on cash invested measures 24.56% and rental yield reads 10.07% at the current $362,000. Equity gained on principal adds $2,336/yr, and 5% annual appreciation supports $100,014 by year five. Five-year ROI prints 129.01% and total cumulative return in cash totals $154,813.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,037/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2017
N/A lot
$N/A/sqft
$404 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Williams • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10558323
Disclaimer: The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. Copyright 2024 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2024-11-13 15:27:36 PST. Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions. This application does not include information on all of the properties available for sale at this time.