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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Chesapeake at 1309 Taft Rd, Chesapeake, VA, 23322 generates $4,418/mo in rent, after a $6,289/mo payment. Total monthly income is $4,418/mo. Return on cash invested sits at 10.96% in year one, and rental yield is 4.13% on a $1,285,000 entry. Equity gained on principal adds $8,292/yr, while 5% annual appreciation builds toward $355,022 over five years. Five-year ROI reaches 54.49% and total cumulative return in cash sums $226,882. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,418/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
5.19 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23322, Chesapeake, VA area.
| 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 |
Residential
23,013
Single Family
22,470
Multi-Family
543
Businesses
841
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-13 | $8159.79 | -2.21% | $807,900 | -2.21% |
| 2023-06-13 | $8344.62 | 2.90% | $826,200 | 6.98% |
| 2022-06-13 | $8109.15 | 18.43% | $772,300 | 18.43% |
What's Special
Walk-In
Listed by: Farra Sawyer • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10587534
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