1200 Lingale CtChesapeakeVA23322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1200 Lingale Ct, Chesapeake, VA, 23322 listed at $739,900 pairs $5,066/mo rent with a $3,621/mo payment to leave $643/mo cash flow. Total monthly income runs $5,066/mo, and annual cash flow reaches $7,721/yr on $243,427 cash to close. Return on cash invested measures 23.23% in year one, and rental yield registers 8.22% at a $739,900 basis. Equity gained on principal adds $4,774/yr, and annual property appreciation at 5% supports $204,421 by year five. Five-year ROI tracks 120.35% and total cumulative return in cash totals $292,971. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,066/mo property income relative to a $3,621/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Montie • COVA Home Realty
Mls Name: REIN Inc.
Mls ID: #10603372