741 Daimler 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 741 Daimler Dr, Virginia Beach, VA, 23454 generates $3,272/mo in rent and, after a $2,300/mo payment, leaves $463/mo in cash flow. Total monthly income is $3,272/mo, and annual cash flow is $5,554/yr on $155,805 invested. Return on cash invested sits at 23.47% in year one, and rental yield is 8.35% on a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 121.68% and total cumulative return in cash sums $189,585. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,272/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
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: Kenny Letner • Aweigh Real Estate
Mls Name: REIN Inc.
Mls ID: #10599707