2044 Cherry LnChesapeakeVA23323
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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 2044 Cherry Ln, Chesapeake, VA, 23323 earns $789/mo cash flow from $2,642/mo rent with a $1,517/mo payment. Total monthly income totals $2,642/mo, and annual cash flow totals $9,470/yr on $102,765 capital. ROI tracks 29.12% on current figures, and rental yield reads 10.23% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 152.01% and total cumulative return in cash sums $156,211. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,642/mo property income instead of your personal income.
Single Family
Built in 1961
8,973 sqft 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: Elizabeth Zetlin • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10612912