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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Chesapeake at 2642 Meadows Lndg, Chesapeake, VA, 23321 offers a 10.12% rental yield on a $257,000 purchase with $2,168/mo rent. Total monthly income registers $2,168/mo, and a $1,258/mo payment leaves $617/mo available for distribution. Annual cash flow reaches $7,399/yr on $85,196 to close, and return on cash invested stands at 28.59% in year one. Equity gained on principal adds $1,658/yr while 5% annual appreciation supports $71,004 over five years. Portfolio math shows five-year ROI at 149.23% and total cumulative return in cash at $127,140. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,168/mo property income against a $1,258/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 23321, Chesapeake, VA area.
| 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 |
Residential
14,727
Single Family
13,708
Multi-Family
1,019
Businesses
914
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-12-19 | $2237.15 | 5.93% | $221,500 | 5.93% |
| 2024-12-19 | $2111.91 | 8.91% | $209,100 | 8.91% |
| 2023-12-19 | $1939.20 | 9.67% | $192,000 | 14.01% |
What's Special
Scuttle
Listed by: Susan Jenkins • Better Homes & Gdns Ntv Am Grp
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10612744
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