694 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 694 Rivers Reach, Virginia Beach, VA, 23452 offers a 9.38% rental yield on a $194,500 purchase with $1,520/mo rent. Total monthly income registers $1,520/mo, and a $952/mo payment leaves $357/mo available for distribution. Annual cash flow reaches $4,287/yr on $64,477 to close, and return on cash invested stands at 26.56% in year one. Equity gained on principal adds $1,255/yr while 5% annual appreciation supports $53,737 over five years. Portfolio math shows five-year ROI at 138.26% and total cumulative return in cash at $89,145. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $952/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Laura Langdon • Atlantic Sothebys Int'l Realty
Mls Name: REIN Inc.
Mls ID: #10605030