1008 Mains Creek RdChesapeakeVA23320
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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 1008 Mains Creek Rd, Chesapeake, VA, 23320 uses $111,351 cash to close to unlock $10,693/yr annual cash flow and $891/mo monthly cash flow. Total monthly income runs $2,899/mo, and a $1,644/mo payment keeps the spread at $891/mo. Purchase price stands at $335,900, and rental yield measures 10.36% with $2,899/mo rent. Return on cash invested shows 29.51% in year one, and 5% annual appreciation builds toward $92,803 over five years. Five-year ROI reaches 154.09% and total cumulative return in cash records $171,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,899/mo property income covering a $1,644/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23320, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,228 (100%) |
| Owner Occupied HU | 16,419 (60.3%) |
| Renter Occupied HU | 9,921 (36.4%) |
| Vacant Housing Units | 888 ( 3.3%) |
| Median Home Value | $404,246 |
| Average Home Value | $433,358 |
Housing Distribution
Address Breakdown
Residential
26,352
Single Family
23,973
Multi-Family
2,379
Businesses
2,648
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Listed by: Vanessa Sawyer • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10612656