5115 Elsie Dr #8H1IVDVirginia BeachVA23455
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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 5115 Elsie Dr #8H1IVD, Virginia Beach, VA, 23455 earns $771/mo cash flow from $2,917/mo rent with a $1,757/mo payment. Total monthly income totals $2,917/mo, and annual cash flow totals $9,254/yr on $118,975 capital. ROI tracks 27.69% on current figures, and rental yield reads 9.75% at a $358,900 purchase. Equity gained on principal adds $2,316/yr, and 5% annual appreciation supports $99,157 over five years. Five-year ROI reaches 144.3% and total cumulative return in cash sums $171,684. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,917/mo property income instead of your personal income.
Condo
Built in 2022
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
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