505 Torrey CtVirginia BeachVA23454
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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
Rental property for sale in Virginia Beach at 505 Torrey Ct, Virginia Beach, VA, 23454 generates $2,671/mo in rent, after a $3,010/mo payment. Total monthly income is $2,671/mo. Return on cash invested sits at 14.1% in year one, and rental yield is 5.21% on a $614,900 entry. Equity gained on principal adds $3,968/yr, while 5% annual appreciation builds toward $169,886 over five years. Five-year ROI reaches 71.36% and total cumulative return in cash sums $144,358. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,671/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23454, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,857 (100%) |
| Owner Occupied HU | 15,563 (65.2%) |
| Renter Occupied HU | 7,512 (31.5%) |
| Vacant Housing Units | 782 ( 3.3%) |
| Median Home Value | $480,811 |
| Average Home Value | $569,803 |
Housing Distribution
Address Breakdown
Residential
24,182
Single Family
21,247
Multi-Family
2,935
Businesses
1,629
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Listed by: Adrienne Downing • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10608700