900 Fleet Dr APT 186Virginia BeachVA23454
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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 900 Fleet Dr APT 186, Virginia Beach, VA, 23454 uses $34,808 cash to close to unlock $2,127/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $805/mo, and a $514/mo payment keeps the spread at $177/mo. Purchase price stands at $105,000, and rental yield measures 9.2% with $805/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 135.46% and total cumulative return in cash records $47,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $805/mo property income covering a $514/mo payment rather than investor’s personal income.
Condo
Built in 2009
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
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Listed by: DeAnn Brenneman • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10599199