828 Gable WayVirginia 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
Investment property for sale in Virginia Beach at 828 Gable Way, Virginia Beach, VA, 23455 with 5% annual appreciation on a $234,900 basis while $2,158/mo rent supports operations. Total monthly income totals $2,158/mo and a $1,150/mo payment preserves $754/mo for cash returns. Annual cash flow comes to $9,042/yr on $77,869 deployed, and return on cash invested reaches 31.52% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,899 alongside rental yield of 11.02%. Five-year ROI measures 164.87% and total cumulative return in cash totals $128,385.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,158/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1989
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: Phyllis Temple • Temple Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10599163