5012 Thatcher WayVirginia BeachVA23456
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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 5012 Thatcher Way, Virginia Beach, VA, 23456 uses $83,538 cash to close to unlock $8,088/yr annual cash flow and $674/mo monthly cash flow. Total monthly income runs $2,180/mo, and a $1,233/mo payment keeps the spread at $674/mo. Purchase price stands at $252,000, and rental yield measures 10.38% with $2,180/mo rent. Return on cash invested shows 29.59% in year one, and 5% annual appreciation builds toward $69,623 over five years. Five-year ROI reaches 154.47% and total cumulative return in cash records $129,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,180/mo property income covering a $1,233/mo payment rather than investor’s personal income.
Condo
Built in 1988
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
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Listed by: James Tillman • CENTURY 21 Nachman Realty
Mls Name: REIN Inc.
Mls ID: #10589566