ZIP CODE 23464 // VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC // DATA AS OF 2026-09-30
Virginia Beach, VA (23464) Rental Property Cap Rate & Cash Flow Report
Located in Virginia Beach City (Virginia Beach, VA), Zip Code 23464 ranks #152 of 500 within this selected sample (70th percentile) with a Zillow ZHVI typical home-value index of $405,275 (+3.0% YoY) and a ZORI observed market rent of $2,027/mo (+8.7% YoY). Requires at least 48.6% 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
-$732/mo
Annual: -$8,779/yr
Modeled Cap Rate
3.90%
NOI: $15,813/yr
Cash-on-Cash Return
-9.42%
Cash Needed: $93,213
1% Rule Ratio
0.50%
Gross Yield: 6.00%
Break-Even Rent
$2,868/mo
State Tax: 0.82%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 23464 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (VA Avg 0.82%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,049/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$709/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (23464)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $322,018 | $1,461/mo | 5.44% |
| 2022 | $344,314 | $1,583/mo | 5.52% |
| 2023 | $368,044 | $1,684/mo | 5.49% |
| 2024 | $385,909 | $1,794/mo | 5.58% |
| 2025 | $393,475 | $1,864/mo | 5.68% |
| 2026 | $405,275 | $2,027/mo | 6.00% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 23322 Chesapeake, VA | $551,442 | $2,846/mo | 4.07% | -$919/mo |
| 23456 Virginia Beach, VA | $554,166 | $2,670/mo | 3.71% | -$1,089/mo |
| 23320 Chesapeake, VA | $390,272 | $2,084/mo | 4.25% | -$590/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 |