514 Mulligan DrVirginia BeachVA23462
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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 514 Mulligan Dr, Virginia Beach, VA, 23462 with 5% annual appreciation on a $300,000 basis while $2,225/mo rent supports operations. Total monthly income totals $2,225/mo and a $1,468/mo payment preserves $432/mo for cash returns. Annual cash flow comes to $5,184/yr on $99,450 deployed, and return on cash invested reaches 25.12% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.9%. Five-year ROI measures 130.5% and total cumulative return in cash totals $129,780.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,225/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1984
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23462, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,678 (100%) |
| Owner Occupied HU | 15,212 (49.6%) |
| Renter Occupied HU | 14,006 (45.7%) |
| Vacant Housing Units | 1,460 ( 4.8%) |
| Median Home Value | $338,229 |
| Average Home Value | $402,753 |
Housing Distribution
Address Breakdown
Residential
29,327
Single Family
25,195
Multi-Family
4,132
Businesses
2,213
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Listed by: Benjamin Fitzer • Keller Williams Town Center
Mls Name: REIN Inc.
Mls ID: #10607442