662 Rivers ReachVirginia 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 662 Rivers Reach, Virginia Beach, VA, 23452 with 5% annual appreciation on a $196,500 basis while $1,913/mo rent supports operations. Total monthly income totals $1,913/mo and a $962/mo payment preserves $738/mo for cash returns. Annual cash flow comes to $8,857/yr on $65,140 deployed, and return on cash invested reaches 33.51% in year one. Equity gained on principal adds $1,268/yr, and five-year appreciation sums $54,289 alongside rental yield of 11.68%. Five-year ROI measures 175.54% and total cumulative return in cash totals $114,349.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,913/mo property income versus a $962/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
N/A 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: Kerry Summs • Select Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10604135