709 Avalon AveVirginia BeachVA23464
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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 709 Avalon Ave, Virginia Beach, VA, 23464 uses $213,850 cash to close to unlock $6,814/yr annual cash flow and $568/mo monthly cash flow. Total monthly income runs $4,453/mo, and a $3,181/mo payment keeps the spread at $568/mo. Purchase price stands at $650,000, and rental yield measures 8.22% with $4,453/mo rent. Return on cash invested shows 23.25% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 120.42% and total cumulative return in cash records $257,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,453/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 2018
10,010 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
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Listed by: Alyssa Wray • Aweigh Real Estate VB
Mls Name: REIN Inc.
Mls ID: #10612554