9120 New RdSuffolkVA23437
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 Suffolk at 9120 New Rd, Suffolk, VA, 23437 offers a 10.27% rental yield on a $250,000 purchase with $2,140/mo rent. Total monthly income registers $2,140/mo, and a $1,224/mo payment leaves $645/mo available for distribution. Annual cash flow reaches $7,742/yr on $82,875 to close, and return on cash invested stands at 29.25% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 152.71% and total cumulative return in cash at $126,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,140/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23437, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,633 (79.0%) |
| Renter Occupied HU | 297 (14.4%) |
| Vacant Housing Units | 138 ( 6.7%) |
| Median Home Value | $407,160 |
| Average Home Value | $468,083 |
Housing Distribution
Address Breakdown
Residential
1,996
Single Family
1,996
Multi-Family
0
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices