2329 Drum Creek RdChesapeakeVA23321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2329 Drum Creek Rd, Chesapeake, VA, 23321 at $475,000 posts ROI 27.18% with $954/mo cash flow from $3,794/mo rent. Total monthly income equals $3,794/mo, and annual cash flow records $11,453/yr on $157,463 to close. Return on cash invested measures 27.18% and rental yield reads 9.58% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 141.58% and total cumulative return in cash totals $222,931.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,794/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
0.34 Acres 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: Samantha Janisch • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10599351