510 24th St APT 104Virginia BeachVA23451
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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 510 24th St APT 104, Virginia Beach, VA, 23451 offers a 9.15% rental yield on a $335,900 purchase with $2,562/mo rent. Total monthly income registers $2,562/mo, and a $1,644/mo payment leaves $554/mo available for distribution. Annual cash flow reaches $6,649/yr on $111,351 to close, and return on cash invested stands at 25.88% in year one. Equity gained on principal adds $2,168/yr while 5% annual appreciation supports $92,803 over five years. Portfolio math shows five-year ROI at 134.63% and total cumulative return in cash at $149,907. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,562/mo property income against a $1,644/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
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
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Listed by: Sherri Bryant • AtCoastal Realty
Mls Name: REIN Inc.
Mls ID: #10607142