1736 Lockard AveChesapeakeVA23320
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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 1736 Lockard Ave, Chesapeake, VA, 23320 offers a 11.18% rental yield on a $295,000 purchase with $2,748/mo rent. Total monthly income registers $2,748/mo, and a $1,444/mo payment leaves $984/mo available for distribution. Annual cash flow reaches $11,813/yr on $97,793 to close, and return on cash invested stands at 31.99% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 167.36% and total cumulative return in cash at $163,670. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,748/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23320, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,228 (100%) |
| Owner Occupied HU | 16,419 (60.3%) |
| Renter Occupied HU | 9,921 (36.4%) |
| Vacant Housing Units | 888 ( 3.3%) |
| Median Home Value | $404,246 |
| Average Home Value | $433,358 |
Housing Distribution
Address Breakdown
Residential
26,352
Single Family
23,973
Multi-Family
2,379
Businesses
2,648
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Listed by: Arthur Monroe • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10604870