516 Caren DrVirginia BeachVA23452
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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 516 Caren Dr, Virginia Beach, VA, 23452 earns $412/mo cash flow from $2,713/mo rent with a $1,884/mo payment. Total monthly income totals $2,713/mo, and annual cash flow totals $4,943/yr on $127,628 capital. ROI tracks 23.78% on current figures, and rental yield reads 8.46% at a $385,000 purchase. Equity gained on principal adds $2,484/yr, and 5% annual appreciation supports $106,368 over five years. Five-year ROI reaches 123.32% and total cumulative return in cash sums $157,390. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,713/mo property income instead of your personal income.
Single Family
Built in 1960
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23452, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,682 (100%) |
| Owner Occupied HU | 14,536 (61.4%) |
| Renter Occupied HU | 8,344 (35.2%) |
| Vacant Housing Units | 802 ( 3.4%) |
| Median Home Value | $388,463 |
| Average Home Value | $528,188 |
Housing Distribution
Address Breakdown
Residential
23,604
Single Family
20,038
Multi-Family
3,566
Businesses
2,560
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Listed by: Christopher LaWall • KW Coastal Virginia Chesapeake
Mls Name: REIN Inc.
Mls ID: #10594104