115 Ridgewood RdChesapeakeVA23325
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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 115 Ridgewood Rd, Chesapeake, VA, 23325 offers $2,568/mo rent that, after a $1,664/mo payment, leaves $536/mo cash flow. Total monthly income is $2,568/mo, and annual cash flow is $6,428/yr on $112,710 cash. Return on cash invested measures 25.61% in year one, and rental yield stands at 9.06% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 133.15% and total cumulative return in cash reaches $150,078. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,568/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
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: Chris Kren • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10594271