124 Chestnut StSuffolkVA23434
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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 Suffolk at 124 Chestnut St, Suffolk, VA, 23434 at $285,000 posts ROI 18.08% with from $1,560/mo rent. Total monthly income equals $1,560/mo. Return on cash invested measures 18.08% and rental yield reads 6.57% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 92.82% and total cumulative return in cash totals $87,690. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23434, Suffolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,667 (100%) |
| Owner Occupied HU | 14,067 (62.1%) |
| Renter Occupied HU | 6,804 (30.0%) |
| Vacant Housing Units | 1,796 ( 7.9%) |
| Median Home Value | $358,701 |
| Average Home Value | $380,551 |
Housing Distribution
Address Breakdown
Residential
22,290
Single Family
21,209
Multi-Family
1,081
Businesses
1,240
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