1609 Redwing ArchChesapeakeVA23323
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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 1609 Redwing Arch, Chesapeake, VA, 23323 uses $137,573 cash to close to unlock $9,845/yr annual cash flow and $820/mo monthly cash flow. Total monthly income runs $3,301/mo, and a $2,031/mo payment keeps the spread at $820/mo. Purchase price stands at $415,000, and rental yield measures 9.55% with $3,301/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 140.96% and total cumulative return in cash records $193,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,301/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Townhouse
Built in 2022
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23323, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,889 (100%) |
| Owner Occupied HU | 12,433 (78.2%) |
| Renter Occupied HU | 3,048 (19.2%) |
| Vacant Housing Units | 408 ( 2.6%) |
| Median Home Value | $438,684 |
| Average Home Value | $459,798 |
Housing Distribution
Address Breakdown
Residential
15,831
Single Family
15,399
Multi-Family
432
Businesses
845
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Listed by: Cyndi Kight • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10593997