2029 Shipyard 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 2029 Shipyard Rd, Chesapeake, VA, 23323 listed at $609,899 pairs $3,870/mo rent with a $2,985/mo payment to leave $224/mo cash flow. Total monthly income runs $3,870/mo, and annual cash flow reaches $2,691/yr on $200,657 cash to close. Return on cash invested measures 21.4% in year one, and rental yield registers 7.61% at a $609,899 basis. Equity gained on principal adds $3,936/yr, and annual property appreciation at 5% supports $168,504 by year five. Five-year ROI tracks 110.55% and total cumulative return in cash totals $221,820. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,870/mo property income relative to a $2,985/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.55 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: Angela Kennedy • 1st Class RealEstate Integrity
Mls Name: REIN Inc.
Mls ID: #10604557