1313 Quail Creek Holw APT BChesapeakeVA23320
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1313 Quail Creek Holw APT B, Chesapeake, VA, 23320 uses $104,423 cash to close to unlock $4,401/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $2,250/mo, and a $1,542/mo payment keeps the spread at $367/mo. Purchase price stands at $315,000, and rental yield measures 8.57% with $2,250/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 125.17% and total cumulative return in cash records $130,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,250/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1993
1,481 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23320, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,228 (100%) |
| Owner Occupied HU | 16,419 (60.3%) |
| Renter Occupied HU | 9,921 (36.4%) |
| Vacant Housing Units | 888 ( 3.3%) |
| Median Home Value | $404,246 |
| Average Home Value | $433,358 |
Housing Distribution
Address Breakdown
Residential
26,352
Single Family
23,973
Multi-Family
2,379
Businesses
2,648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Phillips • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10608749