682 Princess Anne RdVirginia BeachVA23457
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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
Rental property for sale in Virginia Beach at 682 Princess Anne Rd, Virginia Beach, VA, 23457 priced at $1,125,000 converts $2,908/mo rent into after a $5,506/mo obligation. Total monthly income equals $2,908/mo. Return on cash invested prints 7.8% in year one, and rental yield reads 3.1% against a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation compiles into $310,817 by year five. Five-year ROI reaches 37.56% and total cumulative return in cash sums $136,892. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,908/mo property income covering a $5,506/mo payment, not borrower’s personal income.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23457, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,735 (100%) |
| Owner Occupied HU | 1,436 (82.8%) |
| Renter Occupied HU | 205 (11.8%) |
| Vacant Housing Units | 94 ( 5.4%) |
| Median Home Value | $624,832 |
| Average Home Value | $645,035 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,734
Multi-Family
0
Businesses
90
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Listed by: Maury Dial • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10612690