5900 Margate AveVirginia BeachVA23462
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5900 Margate Ave, Virginia Beach, VA, 23462 offers a 9.54% rental yield on a $162,000 purchase with $1,288/mo rent. Total monthly income registers $1,288/mo, and a $793/mo payment leaves $320/mo available for distribution. Annual cash flow reaches $3,834/yr on $53,703 to close, and return on cash invested stands at 27.05% in year one. Equity gained on principal adds $1,045/yr while 5% annual appreciation supports $44,758 over five years. Portfolio math shows five-year ROI at 140.9% and total cumulative return in cash at $75,665. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,288/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1975
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Jenkins • Better Homes & Gdns Ntv Am Grp
Mls Name: REIN Inc.
Mls ID: #10602062