1648 Sanderson RdChesapeakeVA23322
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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
Rental property for sale in Chesapeake at 1648 Sanderson Rd, Chesapeake, VA, 23322 generates $5,581/mo in rent, after a $4,600/mo payment. Total monthly income is $5,581/mo. Return on cash invested sits at 19.92% in year one, and rental yield is 7.13% on a $939,900 entry. Equity gained on principal adds $6,065/yr, while 5% annual appreciation builds toward $259,677 over five years. Five-year ROI reaches 102.56% and total cumulative return in cash sums $317,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,581/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
3.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23322, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,832 (100%) |
| Owner Occupied HU | 19,301 (84.5%) |
| Renter Occupied HU | 3,054 (13.4%) |
| Vacant Housing Units | 477 ( 2.1%) |
| Median Home Value | $510,303 |
| Average Home Value | $550,245 |
Housing Distribution
Address Breakdown
Residential
23,013
Single Family
22,470
Multi-Family
543
Businesses
841
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Listed by: Deana Renn • AtCoastal Realty
Mls Name: REIN Inc.
Mls ID: #10604642