221 Seren DrChesapeakeVA23325
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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 221 Seren Dr, Chesapeake, VA, 23325 priced at $354,990 pairs $2,426/mo rent with $304/mo cash flow after a $1,738/mo payment. Total monthly income equals $2,426/mo, and annual cash flow comes to $3,653/yr on $117,679 invested. Return on cash invested is 23.01% in year one, and rental yield stands at 8.2% on a $354,990 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,077 by year five. Five-year ROI measures 119.23% and total cumulative return in cash reaches $140,312. For financing, Ziffy Mortgage’s DSCR program evaluates $2,426/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2021
832.00 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23325, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,192 (100%) |
| Owner Occupied HU | 4,772 (66.4%) |
| Renter Occupied HU | 2,156 (30.0%) |
| Vacant Housing Units | 264 ( 3.7%) |
| Median Home Value | $325,568 |
| Average Home Value | $395,949 |
Housing Distribution
Address Breakdown
Residential
7,264
Single Family
7,212
Multi-Family
52
Businesses
284
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Listed by: Mike Frazier • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10597206