2717 Derry DrChesapeakeVA23323
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 2717 Derry Dr, Chesapeake, VA, 23323 earns $695/mo cash flow from $3,385/mo rent with a $2,203/mo payment. Total monthly income totals $3,385/mo, and annual cash flow totals $8,334/yr on $149,175 capital. ROI tracks 25.5% on current figures, and rental yield reads 9.03% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 132.52% and total cumulative return in cash sums $197,694. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,385/mo property income instead of your personal income.
Single Family
Built in 1992
0.35 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: David Hoskins • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10611083