911 Pacific Ave APT CVirginia BeachVA23451
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 911 Pacific Ave APT C, Virginia Beach, VA, 23451 uses $119,340 cash to close to unlock $5,196/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $2,585/mo, and a $1,762/mo payment keeps the spread at $433/mo. Purchase price stands at $360,000, and rental yield measures 8.62% with $2,585/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 125.89% and total cumulative return in cash records $150,237. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,585/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A