214 Douglas AveChesapeakeVA23323
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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 Chesapeake at 214 Douglas Ave, Chesapeake, VA, 23323 priced at $365,000 pairs $2,782/mo rent with $601/mo cash flow after a $1,786/mo payment. Total monthly income equals $2,782/mo, and annual cash flow comes to $7,207/yr on $120,998 invested. Return on cash invested is 25.87% in year one, and rental yield stands at 9.15% on a $365,000 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,843 by year five. Five-year ROI measures 134.5% and total cumulative return in cash reaches $162,739. For financing, Ziffy Mortgage’s DSCR program evaluates $2,782/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
6,490 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: Niquo Hawkins • Real Broker LLC
Mls Name: REIN Inc.
Mls ID: #10612879