500 Pacific Ave APT 511Virginia BeachVA23451
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 500 Pacific Ave APT 511, Virginia Beach, VA, 23451 in Virginia Beach is narrow, $171/mo net on $2,604/mo rent after the $1,830/mo debt service, but the property operates at break-even-plus, not a loss. At $407,000 with a 7.68% yield, the long-run equity case via 5% appreciation ($112,447 over five years) and $3,749/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.42 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $165,004.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 7.2% |
| Monthly Cash Flow | $171 | $1,850 |
City averages based on Virginia Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,604 |
| Total Monthly Debt Service | $2,271 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
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
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Barton • Sandbridge Life Realty Group
Mls Name: REIN Inc.
Mls ID: #10599560