721 Goodard DrVirginia BeachVA23454
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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 721 Goodard Dr, Virginia Beach, VA, 23454 priced at $299,000 converts $2,410/mo rent into $623/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $7,477/yr on $99,119 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 9.67% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 143.06% and total cumulative return in cash sums $141,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23454, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,857 (100%) |
| Owner Occupied HU | 15,563 (65.2%) |
| Renter Occupied HU | 7,512 (31.5%) |
| Vacant Housing Units | 782 ( 3.3%) |
| Median Home Value | $480,811 |
| Average Home Value | $569,803 |
Housing Distribution
Address Breakdown
Residential
24,182
Single Family
21,247
Multi-Family
2,935
Businesses
1,629
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Listed by: Natalie Grimpel • Beach Realty United
Mls Name: REIN Inc.
Mls ID: #10603221