752 Farnham LnVirginia BeachVA23455
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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 752 Farnham Ln, Virginia Beach, VA, 23455 priced at $375,000 converts $2,635/mo rent into $394/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,635/mo, and annual cash flow totals $4,725/yr on $124,313 invested. Return on cash invested prints 23.71% in year one, and rental yield reads 8.43% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 122.94% and total cumulative return in cash sums $152,835. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,635/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23455, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,549 (100%) |
| Owner Occupied HU | 12,943 (57.4%) |
| Renter Occupied HU | 8,645 (38.3%) |
| Vacant Housing Units | 961 ( 4.3%) |
| Median Home Value | $518,567 |
| Average Home Value | $585,972 |
Housing Distribution
Address Breakdown
Residential
22,417
Single Family
20,420
Multi-Family
1,997
Businesses
1,089
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Listed by: Lora More • A Better Way Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10604037