1205 Glendale AveChesapeakeVA23323
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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 1205 Glendale Ave, Chesapeake, VA, 23323 with 5% annual appreciation on a $353,000 basis while $2,773/mo rent supports operations. Total monthly income totals $2,773/mo and a $1,728/mo payment preserves $663/mo for cash returns. Annual cash flow comes to $7,951/yr on $117,020 deployed, and return on cash invested reaches 26.7% in year one. Equity gained on principal adds $2,278/yr, and five-year appreciation sums $97,527 alongside rental yield of 9.43%. Five-year ROI measures 139.01% and total cumulative return in cash totals $162,668.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,773/mo property income versus a $1,728/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
8,015 sqft 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: Richard Febus • Next Chapter VA Realty Inc
Mls Name: REIN Inc.
Mls ID: #10599464