904 Banyan DrVirginia BeachVA23462
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
Investment property for sale in Virginia Beach at 904 Banyan Dr, Virginia Beach, VA, 23462 listed at $405,000 pairs $2,801/mo rent with a $1,982/mo payment to leave $380/mo cash flow. Total monthly income runs $2,801/mo, and annual cash flow reaches $4,563/yr on $134,258 cash to close. Return on cash invested measures 23.31% in year one, and rental yield registers 8.3% at a $405,000 basis. Equity gained on principal adds $2,613/yr, and annual property appreciation at 5% supports $111,894 by year five. Five-year ROI tracks 120.82% and total cumulative return in cash totals $162,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,801/mo property income relative to a $1,982/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brianna Seeds • Atlantic Sothebys Int'l Realty
Mls Name: REIN Inc.
Mls ID: #10609068