1604 Gold Finch CtChesapeakeVA23325
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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 1604 Gold Finch Ct, Chesapeake, VA, 23325 offers a 9.88% rental yield on a $395,000 purchase with $3,252/mo rent. Total monthly income registers $3,252/mo, and a $1,933/mo payment leaves $891/mo available for distribution. Annual cash flow reaches $10,693/yr on $130,943 to close, and return on cash invested stands at 28.08% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 146.4% and total cumulative return in cash at $191,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,252/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
N/A 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
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Listed by: Breanna Wootton • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10592242