Salerno II Plan, The Vistas at Bennett's Creek QuarterSuffolkVA23434
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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
Rental property for sale in Suffolk at Salerno II Plan, The Vistas at Bennett's Creek Quarter, Suffolk, VA, 23434 generates $2,154/mo in rent, after a $2,381/mo payment. Total monthly income is $2,154/mo. Return on cash invested sits at 13.41% in year one, and rental yield is 5.31% on a $486,450 entry. Equity gained on principal adds $3,139/yr, while 5% annual appreciation builds toward $134,397 over five years. Five-year ROI reaches 68.03% and total cumulative return in cash sums $109,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,154/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$120 monthly 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
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