2 Chowning DrHamptonVA23664
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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
Rental property for sale in Hampton at 2 Chowning Dr, Hampton, VA, 23664 priced at $450,000 converts $3,269/mo rent into $579/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,269/mo, and annual cash flow totals $6,942/yr on $149,175 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 8.72% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 127.52% and total cumulative return in cash sums $190,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,269/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23664, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,748 (100%) |
| Owner Occupied HU | 3,045 (64.1%) |
| Renter Occupied HU | 1,246 (26.2%) |
| Vacant Housing Units | 457 ( 9.6%) |
| Median Home Value | $368,693 |
| Average Home Value | $409,931 |
Housing Distribution
Address Breakdown
Residential
4,638
Single Family
4,426
Multi-Family
212
Businesses
53
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