113 Commonwealth AveChesapeakeVA23325
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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 113 Commonwealth Ave, Chesapeake, VA, 23325 with 5% annual appreciation on a $350,000 basis while $2,910/mo rent supports operations. Total monthly income totals $2,910/mo and a $1,713/mo payment preserves $818/mo for cash returns. Annual cash flow comes to $9,814/yr on $116,025 deployed, and return on cash invested reaches 28.37% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 9.98%. Five-year ROI measures 147.91% and total cumulative return in cash totals $171,614.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,910/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23325, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,192 (100%) |
| Owner Occupied HU | 4,772 (66.4%) |
| Renter Occupied HU | 2,156 (30.0%) |
| Vacant Housing Units | 264 ( 3.7%) |
| Median Home Value | $325,568 |
| Average Home Value | $395,949 |
Housing Distribution
Address Breakdown
Residential
7,264
Single Family
7,212
Multi-Family
52
Businesses
284
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Listed by: Jillian Hooper • RE/MAX Connect
Mls Name: REIN Inc.
Mls ID: #10616397