553 Sterling RdVirginia BeachVA23464
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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 553 Sterling Rd, Virginia Beach, VA, 23464 with 5% annual appreciation on a $499,900 basis while $3,298/mo rent supports operations. Total monthly income totals $3,298/mo and a $2,447/mo payment preserves $309/mo for cash returns. Annual cash flow comes to $3,713/yr on $165,717 deployed, and return on cash invested reaches 22.15% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,113 alongside rental yield of 7.92%. Five-year ROI measures 114.59% and total cumulative return in cash totals $189,900.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,298/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
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Listed by: Angelina Koester • Garrett Realty Partners
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10615127
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