1741 Spar StChesapeakeVA23321
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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 1741 Spar St, Chesapeake, VA, 23321 earns $776/mo cash flow from $2,240/mo rent with a $1,199/mo payment. Total monthly income totals $2,240/mo, and annual cash flow totals $9,307/yr on $81,218 capital. ROI tracks 31.37% on current figures, and rental yield reads 10.97% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 164.03% and total cumulative return in cash sums $133,224. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,240/mo property income instead of your personal income.
Single Family
Built in 1969
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23321, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,895 (100%) |
| Owner Occupied HU | 10,955 (73.5%) |
| Renter Occupied HU | 3,442 (23.1%) |
| Vacant Housing Units | 498 ( 3.3%) |
| Median Home Value | $432,859 |
| Average Home Value | $458,505 |
Housing Distribution
Address Breakdown
Residential
14,727
Single Family
13,708
Multi-Family
1,019
Businesses
914
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Listed by: Lynn Atkison • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10613167