2709 Cedar RdChesapeakeVA23323
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2709 Cedar Rd, Chesapeake, VA, 23323 in Chesapeake speaks for itself: 10.47% gross on a $367,000 price, generating $3,202/mo in rent and $1,008/mo in net income after the $1,650/mo debt service. DSCR 1.94, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,093 stacks alongside $101,395 in projected five-year appreciation and $3,380/yr in principal reduction. Projected total cumulative return: $203,733.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.0% |
| Monthly Cash Flow | $1,008 | $1,850 |
City averages based on Chesapeake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,202 |
| Total Monthly Debt Service | $2,048 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.27 Acres 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
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
Single Family
Built in 1965
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: REIN Inc.
Mls ID: #10629223