1108 McSherry CtChesapeakeVA23322
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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 1108 McSherry Ct, Chesapeake, VA, 23322 listed at $542,498 pairs $3,682/mo rent with a $2,655/mo payment to leave $439/mo cash flow. Total monthly income runs $3,682/mo, and annual cash flow reaches $5,271/yr on $178,482 cash to close. Return on cash invested measures 23.01% in year one, and rental yield registers 8.14% at a $542,498 basis. Equity gained on principal adds $3,501/yr, and annual property appreciation at 5% supports $149,882 by year five. Five-year ROI tracks 119.19% and total cumulative return in cash totals $212,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,682/mo property income relative to a $2,655/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23322, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,832 (100%) |
| Owner Occupied HU | 19,301 (84.5%) |
| Renter Occupied HU | 3,054 (13.4%) |
| Vacant Housing Units | 477 ( 2.1%) |
| Median Home Value | $510,303 |
| Average Home Value | $550,245 |
Housing Distribution
Address Breakdown
Residential
23,013
Single Family
22,470
Multi-Family
543
Businesses
841
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Listed by: Bridget Combs • COVA Home Realty
Mls Name: REIN Inc.
Mls ID: #10605237