LOT 58 Melanie CtSuffolkVA23434
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 LOT 58 Melanie Ct, Suffolk, VA, 23434 offers a 7.41% rental yield on a $530,740 purchase with $3,278/mo rent. Total monthly income registers $3,278/mo, and a $2,598/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,260/yr on $174,613 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $3,425/yr while 5% annual appreciation supports $146,634 over five years. Portfolio math shows five-year ROI at 107.24% and total cumulative return in cash at $187,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,278/mo property income against a $2,598/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23434, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,667 (100%) |
| Owner Occupied HU | 14,067 (62.1%) |
| Renter Occupied HU | 6,804 (30.0%) |
| Vacant Housing Units | 1,796 ( 7.9%) |
| Median Home Value | $358,701 |
| Average Home Value | $380,551 |
Housing Distribution
Address Breakdown
Residential
22,290
Single Family
21,209
Multi-Family
1,081
Businesses
1,240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices