720 Drift Tide DrVirginia BeachVA23464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 720 Drift Tide Dr, Virginia Beach, VA, 23464 at $199,900 posts ROI 25.55% with $311/mo cash flow from $1,506/mo rent. Total monthly income equals $1,506/mo, and annual cash flow records $3,737/yr on $66,267 to close. Return on cash invested measures 25.55% and rental yield reads 9.04% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 132.85% and total cumulative return in cash totals $88,033.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,506/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1988
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marcella Montagna • CoastalVA Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10609866