1401 Algona RdChesapeakeVA23324
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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 1401 Algona Rd, Chesapeake, VA, 23324 listed at $250,000 pairs $2,248/mo rent with a $1,224/mo payment to leave $753/mo cash flow. Total monthly income runs $2,248/mo, and annual cash flow reaches $9,038/yr on $82,875 cash to close. Return on cash invested measures 30.81% in year one, and rental yield registers 10.79% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 161.1% and total cumulative return in cash totals $133,510. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,248/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
6,490 sqft 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: Debbie Crevier-Kent • Cottage Street Realty LLC
Mls Name: REIN Inc.
Mls ID: #10615660