1653 Shipyard RdChesapeakeVA23323
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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 1653 Shipyard Rd, Chesapeake, VA, 23323 earns $155/mo cash flow from $4,938/mo rent with a $3,916/mo payment. Total monthly income totals $4,938/mo, and annual cash flow totals $1,864/yr on $263,200 capital. ROI tracks 20.77% on current figures, and rental yield reads 7.41% at a $799,999 purchase. Equity gained on principal adds $5,162/yr, and 5% annual appreciation supports $221,025 over five years. Five-year ROI reaches 107.15% and total cumulative return in cash sums $282,007. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,938/mo property income instead of your personal income.
Single Family
Built in 2025
1 Acres 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: Shanique Morris • Opulent Realty LLC
Mls Name: REIN Inc.
Mls ID: #10606196