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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Chesapeake at 1837 Honey Milk Rd, Chesapeake, VA, 23323 listed at $570,000 pairs $4,217/mo rent with a $2,790/mo payment to leave $685/mo cash flow. Total monthly income runs $4,217/mo, and annual cash flow reaches $8,214/yr on $187,530 cash to close. Return on cash invested measures 24.44% in year one, and rental yield registers 8.88% at a $570,000 basis. Equity gained on principal adds $3,678/yr, and annual property appreciation at 5% supports $157,480 by year five. Five-year ROI tracks 127.12% and total cumulative return in cash totals $238,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,217/mo property income relative to a $2,790/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2022
N/A lot
$N/A/sqft
$125 monthly HOA
Neighborhood data shown for ZIP Code: 23323, Chesapeake, VA area.
| 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 |
Residential
15,831
Single Family
15,399
Multi-Family
432
Businesses
845
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Sonya Brown • Wainwright Real Estate
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10601740
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