5103 Gatehouse WayVirginia BeachVA23455
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 5103 Gatehouse Way, Virginia Beach, VA, 23455 listed at $253,500 pairs $2,194/mo rent with a $1,241/mo payment to leave $678/mo cash flow. Total monthly income runs $2,194/mo, and annual cash flow reaches $8,140/yr on $84,035 cash to close. Return on cash invested measures 29.6% in year one, and rental yield registers 10.39% at a $253,500 basis. Equity gained on principal adds $1,636/yr, and annual property appreciation at 5% supports $70,037 by year five. Five-year ROI tracks 154.56% and total cumulative return in cash totals $129,881. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,194/mo property income relative to a $1,241/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23455, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,549 (100%) |
| Owner Occupied HU | 12,943 (57.4%) |
| Renter Occupied HU | 8,645 (38.3%) |
| Vacant Housing Units | 961 ( 4.3%) |
| Median Home Value | $518,567 |
| Average Home Value | $585,972 |
Housing Distribution
Address Breakdown
Residential
22,417
Single Family
20,420
Multi-Family
1,997
Businesses
1,089
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Adcock • Keller Williams Town Center
Mls Name: REIN Inc.
Mls ID: #10593959