ZIP CODE 23456 // VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC // DATA AS OF 2026-09-30
Virginia Beach, VA (23456) Rental Property Cap Rate & Cash Flow Report
Located in Virginia Beach City (Virginia Beach, VA), Zip Code 23456 ranks #169 of 500 within this selected sample (66th percentile) with a Zillow ZHVI typical home-value index of $554,166 (+3.8% YoY) and a ZORI observed market rent of $2,670/mo (+3.5% YoY). Requires at least 51.1% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,089/mo
Annual: -$13,066/yr
Modeled Cap Rate
3.71%
NOI: $20,560/yr
Cash-on-Cash Return
-10.25%
Cash Needed: $127,458
1% Rule Ratio
0.48%
Gross Yield: 5.78%
Break-Even Rent
$3,922/mo
State Tax: 0.82%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 23456 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (VA Avg 0.82%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,802/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$957/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (23456)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2023 | $504,770 | $2,334/mo | 5.55% |
| 2024 | $523,161 | $2,472/mo | 5.67% |
| 2025 | $533,854 | $2,579/mo | 5.80% |
| 2026 | $554,166 | $2,670/mo | 5.78% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 23464 Virginia Beach, VA | $405,275 | $2,027/mo | 3.90% | -$732/mo |
| 22193 Woodbridge, VA | $502,165 | $2,295/mo | 3.45% | -$1,095/mo |
| 22407 Fredericksburg, VA | $463,031 | $2,102/mo | 3.42% | -$1,022/mo |
| 22191 Woodbridge, VA | $480,592 | $2,158/mo | 3.37% | -$1,081/mo |
| 23322 Chesapeake, VA | $551,442 | $2,846/mo | 4.07% | -$919/mo |
| 23320 Chesapeake, VA | $390,272 | $2,084/mo | 4.25% | -$590/mo |