1013 Wickford CtChesapeakeVA23320
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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
Rental property for sale in Chesapeake at 1013 Wickford Ct, Chesapeake, VA, 23320 generates $2,288/mo in rent and, after a $1,272/mo payment, leaves $734/mo in cash flow. Total monthly income is $2,288/mo, and annual cash flow is $8,813/yr on $86,157 invested. Return on cash invested sits at 30.14% in year one, and rental yield is 10.56% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 157.45% and total cumulative return in cash sums $135,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,288/mo property income rather than buyer’s personal income.
Townhouse
Built in 1986
1,655 sqft 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: Randall Gonse • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10618537