701 Carmel StVirginia 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 701 Carmel St, Virginia Beach, VA, 23457 offers $3,908/mo rent that, after a $2,423/mo payment, leaves $949/mo cash flow. Total monthly income is $3,908/mo, and annual cash flow is $11,385/yr on $164,093 cash. Return on cash invested measures 26.85% in year one, and rental yield stands at 9.47% at a $495,000 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,759 by year five. Five-year ROI records 139.77% and total cumulative return in cash reaches $229,354. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,908/mo property income versus a $2,423/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
1.03 Acres 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: Jonathan Melvin • Benham Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10590513