2005 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 2005 Lockard Ave, Chesapeake, VA, 23320 earns $75/mo cash flow from $1,564/mo rent with a $1,219/mo payment. Total monthly income totals $1,564/mo, and annual cash flow totals $903/yr on $82,544 capital. ROI tracks 21% on current figures, and rental yield reads 7.54% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 108.48% and total cumulative return in cash sums $89,540. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,564/mo property income instead of your personal income.
Single Family
Built in 2003
N/A 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: Katie Burke • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10608797