700 Lake Edward DrVirginia 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 700 Lake Edward Dr, Virginia Beach, VA, 23462 earns $606/mo cash flow from $2,130/mo rent with a $1,248/mo payment. Total monthly income totals $2,130/mo, and annual cash flow totals $7,270/yr on $84,499 capital. ROI tracks 28.51% on current figures, and rental yield reads 10.03% at a $254,900 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,424 over five years. Five-year ROI reaches 148.72% and total cumulative return in cash sums $125,664. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,130/mo property income instead of your personal income.
Townhouse
Built in 1969
6,102 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: Gray Ellis • RE/MAX Alliance
Mls Name: REIN Inc.
Mls ID: #10612587