2216 Hampton Roads PkwyChesapeakeVA23321
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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 2216 Hampton Roads Pkwy, Chesapeake, VA, 23321 earns $265/mo cash flow from $3,582/mo rent with a $2,716/mo payment. Total monthly income totals $3,582/mo, and annual cash flow totals $3,177/yr on $182,595 capital. ROI tracks 21.8% on current figures, and rental yield reads 7.74% at a $555,000 purchase. Equity gained on principal adds $3,581/yr, and 5% annual appreciation supports $153,336 over five years. Five-year ROI reaches 112.66% and total cumulative return in cash sums $205,712. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,582/mo property income instead of your personal income.
Single Family
Built in 2022
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23321, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,895 (100%) |
| Owner Occupied HU | 10,955 (73.5%) |
| Renter Occupied HU | 3,442 (23.1%) |
| Vacant Housing Units | 498 ( 3.3%) |
| Median Home Value | $432,859 |
| Average Home Value | $458,505 |
Housing Distribution
Address Breakdown
Residential
14,727
Single Family
13,708
Multi-Family
1,019
Businesses
914
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Listed by: Justin Grant • Corinth Realty LLC
Mls Name: REIN Inc.
Mls ID: #10609748