645 Red Horse LnVirginia 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 645 Red Horse Ln, Virginia Beach, VA, 23462 offers a 11.37% rental yield on a $235,000 purchase with $2,227/mo rent. Total monthly income registers $2,227/mo, and a $1,150/mo payment leaves $822/mo available for distribution. Annual cash flow reaches $9,869/yr on $77,903 to close, and return on cash invested stands at 32.58% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 170.54% and total cumulative return in cash at $132,856. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,227/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1969
2,613 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: Kathleen McClintock • Keller Williams Realty Twn Ctr
Mls Name: REIN Inc.
Mls ID: #10600270