744 Lake Edward Dr WVirginia BeachVA23462
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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 744 Lake Edward Dr W, Virginia Beach, VA, 23462 listed at $235,000 pairs $1,592/mo rent with a $1,150/mo payment to leave $187/mo cash flow. Total monthly income runs $1,592/mo, and annual cash flow reaches $2,249/yr on $77,903 cash to close. Return on cash invested measures 22.8% in year one, and rental yield registers 8.13% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 118.08% and total cumulative return in cash totals $91,984. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,592/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1969
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23462, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,678 (100%) |
| Owner Occupied HU | 15,212 (49.6%) |
| Renter Occupied HU | 14,006 (45.7%) |
| Vacant Housing Units | 1,460 ( 4.8%) |
| Median Home Value | $338,229 |
| Average Home Value | $402,753 |
Housing Distribution
Address Breakdown
Residential
29,327
Single Family
25,195
Multi-Family
4,132
Businesses
2,213
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Listed by: Betsy Thompson • The Agency
Mls Name: REIN Inc.
Mls ID: #10611607