1209 Santeetlah 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 1209 Santeetlah Ave, Chesapeake, VA, 23325 offers a 8.2% rental yield on a $200,000 purchase with $1,367/mo rent. Total monthly income registers $1,367/mo, and a $979/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,056/yr on $66,300 to close, and return on cash invested stands at 23.01% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 119.25% and total cumulative return in cash at $79,064. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,367/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
N/A 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: Aaron Holliday • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10607224