Waterford Plan, The Estates at Nansemond RiverSuffolkVA23435
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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 Waterford Plan, The Estates at Nansemond River, Suffolk, VA, 23435 generates $3,310/mo in rent, after a $3,027/mo payment. Total monthly income is $3,310/mo. Return on cash invested sits at 17.48% in year one, and rental yield is 6.42% on a $618,470 entry. Equity gained on principal adds $3,991/yr, while 5% annual appreciation builds toward $170,872 over five years. Five-year ROI reaches 89.62% and total cumulative return in cash sums $182,355. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,310/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23435, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,501 (100%) |
| Owner Occupied HU | 9,314 (64.2%) |
| Renter Occupied HU | 4,353 (30.0%) |
| Vacant Housing Units | 834 ( 5.8%) |
| Median Home Value | $413,758 |
| Average Home Value | $470,109 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
13,526
Multi-Family
706
Businesses
709
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