815 S Grosvenor CtVirginia 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
Rental property for sale in Virginia Beach at 815 S Grosvenor Ct, Virginia Beach, VA, 23462 priced at $255,000 converts $2,227/mo rent into $703/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,227/mo, and annual cash flow totals $8,433/yr on $84,533 invested. Return on cash invested prints 29.89% in year one, and rental yield reads 10.48% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 156.08% and total cumulative return in cash sums $131,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,227/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Townhouse
Built in 1972
N/A 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: Natasha Nichols • 1st Class RealEstate Integrity
Mls Name: REIN Inc.
Mls ID: #10595608