1410 Myrtle AveChesapeakeVA23325
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
Rental property for sale in Chesapeake at 1410 Myrtle Ave, Chesapeake, VA, 23325 generates $1,967/mo in rent and, after a $1,340/mo payment, leaves $330/mo in cash flow. Total monthly income is $1,967/mo, and annual cash flow is $3,965/yr on $90,765 invested. Return on cash invested sits at 24.28% in year one, and rental yield is 8.62% on a $273,800 entry. Equity gained on principal adds $1,767/yr, while 5% annual appreciation builds toward $75,646 over five years. Five-year ROI reaches 126.02% and total cumulative return in cash sums $114,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,967/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23325, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,192 (100%) |
| Owner Occupied HU | 4,772 (66.4%) |
| Renter Occupied HU | 2,156 (30.0%) |
| Vacant Housing Units | 264 ( 3.7%) |
| Median Home Value | $325,568 |
| Average Home Value | $395,949 |
Housing Distribution
Address Breakdown
Residential
7,264
Single Family
7,212
Multi-Family
52
Businesses
284
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trey Decker • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10613521