864 Gas Light LnVirginia 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 864 Gas Light Ln, Virginia Beach, VA, 23462 priced at $215,000 pairs $1,444/mo rent with $159/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,444/mo, and annual cash flow comes to $1,909/yr on $71,273 invested. Return on cash invested is 22.59% in year one, and rental yield stands at 8.06% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 117% and total cumulative return in cash reaches $83,389. For financing, Ziffy Mortgage’s DSCR program evaluates $1,444/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1991
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: June Surbaugh • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10603875