2013 Channel View TerChesterVA23836
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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 Chester at 2013 Channel View Ter, Chester, VA, 23836 priced at $865,000 converts $4,753/mo rent into after a $4,234/mo obligation. Total monthly income equals $4,753/mo. Return on cash invested prints 17.89% in year one, and rental yield reads 6.59% against a $865,000 entry. Equity gained on principal adds $5,582/yr, while 5% annual appreciation compiles into $238,984 by year five. Five-year ROI reaches 91.86% and total cumulative return in cash sums $261,411. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,753/mo property income covering a $4,234/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.60 Acres lot
$N/A/sqft
$290 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23836, Chester, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,118 (100%) |
| Owner Occupied HU | 4,323 (70.7%) |
| Renter Occupied HU | 1,495 (24.4%) |
| Vacant Housing Units | 300 ( 4.9%) |
| Median Home Value | $422,943 |
| Average Home Value | $483,089 |
Housing Distribution
Address Breakdown
Residential
6,171
Single Family
5,853
Multi-Family
318
Businesses
361
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Nearby investment properties with comparable prices
Listed by: Dorenda Coger • United Real Estate Richmond
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2424288
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.