1007 Holly AveChesapeakeVA23324
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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
Investment property for sale in Chesapeake at 1007 Holly Ave, Chesapeake, VA, 23324 earns $317/mo cash flow from $2,002/mo rent with a $1,380/mo payment. Total monthly income totals $2,002/mo, and annual cash flow totals $3,798/yr on $93,483 capital. ROI tracks 23.97% on current figures, and rental yield reads 8.52% at a $282,000 purchase. Equity gained on principal adds $1,820/yr, and 5% annual appreciation supports $77,911 over five years. Five-year ROI reaches 124.37% and total cumulative return in cash sums $116,269. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,002/mo property income instead of your personal income.
Single Family
Built in 1945
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23324, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,683 (100%) |
| Owner Occupied HU | 5,387 (50.4%) |
| Renter Occupied HU | 4,662 (43.6%) |
| Vacant Housing Units | 634 ( 5.9%) |
| Median Home Value | $270,429 |
| Average Home Value | $314,214 |
Housing Distribution
Address Breakdown
Residential
9,692
Single Family
9,482
Multi-Family
210
Businesses
594
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Listed by: Douglas Livermon • Atlantic Sothebys Int'l Realty
Mls Name: REIN Inc.
Mls ID: #10609452