5657 Summit ArchVirginia 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 5657 Summit Arch, Virginia Beach, VA, 23462 earns $240/mo cash flow from $1,107/mo rent with a $710/mo payment. Total monthly income totals $1,107/mo, and annual cash flow totals $2,879/yr on $48,068 capital. ROI tracks 25.9% on current figures, and rental yield reads 9.16% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 134.68% and total cumulative return in cash sums $64,736. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,107/mo property income instead of your personal income.
Condo
Built in 1986
N/A 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: Sydney Claar • Aweigh Real Estate VB
Mls Name: REIN Inc.
Mls ID: #10608440