ZIP CODE 23462 // VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC // DATA AS OF 2026-09-30
Virginia Beach, VA (23462) Rental Property Cap Rate & Cash Flow Report
Located in Virginia Beach City (Virginia Beach, VA), Zip Code 23462 ranks #41 of 500 within this selected sample (92th percentile) with a Zillow ZHVI typical home-value index of $326,107 (+4.0% YoY) and a ZORI observed market rent of $2,046/mo (+9.9% YoY). Requires at least 31.0% 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
-$228/mo
Annual: -$2,732/yr
Modeled Cap Rate
5.23%
NOI: $17,055/yr
Cash-on-Cash Return
-3.64%
Cash Needed: $75,005
1% Rule Ratio
0.63%
Gross Yield: 7.53%
Break-Even Rent
$2,308/mo
State Tax: 0.82%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 23462 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (VA Avg 0.82%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,649/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$625/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (23462)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $253,156 | $1,559/mo | 7.39% |
| 2022 | $272,515 | $1,662/mo | 7.32% |
| 2023 | $294,041 | $1,736/mo | 7.08% |
| 2024 | $307,566 | $1,823/mo | 7.11% |
| 2025 | $313,552 | $1,862/mo | 7.13% |
| 2026 | $326,107 | $2,046/mo | 7.53% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 23320 Chesapeake, VA | $390,272 | $2,084/mo | 4.25% | -$590/mo |
| 23322 Chesapeake, VA | $551,442 | $2,846/mo | 4.07% | -$919/mo |
| 23464 Virginia Beach, VA | $405,275 | $2,027/mo | 3.90% | -$732/mo |
| 23456 Virginia Beach, VA | $554,166 | $2,670/mo | 3.71% | -$1,089/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 |