1216 Holly AveChesapeakeVA23324
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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 1216 Holly Ave, Chesapeake, VA, 23324 earns $254/mo cash flow from $1,539/mo rent with a $1,052/mo payment. Total monthly income totals $1,539/mo, and annual cash flow totals $3,049/yr on $71,273 capital. ROI tracks 24.19% on current figures, and rental yield reads 8.59% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 125.57% and total cumulative return in cash sums $89,497. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,539/mo property income instead of your personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23324, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,683 (100%) |
| Owner Occupied HU | 5,387 (50.4%) |
| Renter Occupied HU | 4,662 (43.6%) |
| Vacant Housing Units | 634 ( 5.9%) |
| Median Home Value | $270,429 |
| Average Home Value | $314,214 |
Housing Distribution
Address Breakdown
Residential
9,692
Single Family
9,482
Multi-Family
210
Businesses
594
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Listed by: Matthew Zachary • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10614451