Investment Potential for 5608 Morris Neck Rd
Property Appreciation
Property Appreciation
Discover more Single Family Homes in 23457.
Long-Term Rental Income
Rental Income
Gross Rental
$24,000 per year($2,000 per month)
Net Operating Income
Cap Rate
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Occupancy Rate
95%in 23457 zip code
Owners & Occupancy for 5608 Morris Neck Rd
This property is owned by Melvin L Brockett. Owner contact information includes 4 phone numbers and 3 email addresses.
Property Owners
Melvin L Brockett, age **
Residence | ****************** |
Landline | (757) 430-2164 |
Distance from Property | ********** |
Email Address | **********@gmail.comView Email |
Property Ownership Information
Property Tax Amount | $2,296 in 2024 |
Occupancy
Resident 1 | ********************* age 31 |
Resident 2 | **************** |
Property Details for 5608 Morris Neck Rd
Property Details
Property Sq Ft
Living Area
852 sq ft
29% below market
Lot Size
65,340 sq ft
4% below market
Property Information
Property condition, age, exterior, etc. for 5608 Morri…
Land & Location Information
Longitude: -76.021187 Latitude: 36.603255 Parcel Number (APN): 231-808-56150-000…
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Market Benchmarks
Compare data for 5608 Morris Neck Rd in Virginia Beach city County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks Property
State
Difference
Home Value
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5-Year Forecast
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YoY Price Change
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Year Built
1940
1963
-23 years
Living Space
852 sq ft
1,140 sq ft
-288 (-25%)
$ Per Living Sq Ft
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Lot Size
65,340 sq ft
11,769 sq ft
53571 (455%)
$ Per Lot Sq Ft
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Long-Term Rental
Long-Term Rental
Annual Revenue
$24,000
$25,800
-$1,800 (-7%)
Cap Rate
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Home Value Comparison
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians
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