1960 Reefwood 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 1960 Reefwood Rd, Chesapeake, VA, 23323 uses $203,322 cash to close to unlock $2,094/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $3,869/mo, and a $3,025/mo payment keeps the spread at $175/mo. Purchase price stands at $618,000, and rental yield measures 7.51% with $3,869/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $170,742 over five years. Five-year ROI reaches 108.87% and total cumulative return in cash records $221,363. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,869/mo property income covering a $3,025/mo payment rather than investor’s personal income.
Single Family
Built in 2011
0.26 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: Clayton Patchett • AMW Real Estate Inc
Mls Name: REIN Inc.
Mls ID: #10596828