1616 Florence AveChesterVA23836
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 1616 Florence Ave, Chester, VA, 23836 in Chester. Rental yield 6.78%. The 1.26 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $116,038 and $3,868/yr in principal reduction project total return of $149,917.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 6.2% |
| Monthly Cash Flow | $(138) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,372 |
| Total Monthly Debt Service | $2,344 |
| DSCR Ratio | 1.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23836, Chester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,118 (100%) |
| Owner Occupied HU | 4,323 (70.7%) |
| Renter Occupied HU | 1,495 (24.4%) |
| Vacant Housing Units | 300 ( 4.9%) |
| Median Home Value | $422,943 |
| Average Home Value | $483,089 |
Housing Distribution
Address Breakdown
Residential
6,171
Single Family
5,853
Multi-Family
318
Businesses
361
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
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23836, Chester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,118 (100%) |
| Owner Occupied HU | 4,323 (70.7%) |
| Renter Occupied HU | 1,495 (24.4%) |
| Vacant Housing Units | 300 ( 4.9%) |
| Median Home Value | $422,943 |
| Average Home Value | $483,089 |
Housing Distribution
Address Breakdown
Residential
6,171
Single Family
5,853
Multi-Family
318
Businesses
361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices