109 Bishops CtChesapeakeVA23323
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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 109 Bishops Ct, Chesapeake, VA, 23323 offers $3,502/mo rent that, after a $2,569/mo payment, leaves $364/mo cash flow. Total monthly income is $3,502/mo, and annual cash flow is $4,372/yr on $172,692 cash. Return on cash invested measures 22.59% in year one, and rental yield stands at 8.01% at a $524,900 entry. Equity gained on principal adds $3,387/yr while 5% annual appreciation compounds into $145,020 by year five. Five-year ROI records 116.93% and total cumulative return in cash reaches $201,937. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,502/mo property income versus a $2,569/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23323, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,889 (100%) |
| Owner Occupied HU | 12,433 (78.2%) |
| Renter Occupied HU | 3,048 (19.2%) |
| Vacant Housing Units | 408 ( 2.6%) |
| Median Home Value | $438,684 |
| Average Home Value | $459,798 |
Housing Distribution
Address Breakdown
Residential
15,831
Single Family
15,399
Multi-Family
432
Businesses
845
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Listed by: Carrie Hamilton • Atlantic Sothebys Int'l Realty
Mls Name: REIN Inc.
Mls ID: #10617735