768 Hecate DrVirginia BeachVA23454
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
Rental property for sale in Virginia Beach at 768 Hecate Dr, Virginia Beach, VA, 23454 offers $2,488/mo rent that, after a $1,738/mo payment, leaves $365/mo cash flow. Total monthly income is $2,488/mo, and annual cash flow is $4,385/yr on $117,683 cash. Return on cash invested measures 23.64% in year one, and rental yield stands at 8.41% at a $355,000 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,080 by year five. Five-year ROI records 122.56% and total cumulative return in cash reaches $144,228. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,488/mo property income versus a $1,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brent Montella • Sea Shore Realty & Prop. Mgmt.
Mls Name: REIN Inc.
Mls ID: #10610038