2817 N Creek 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 2817 N Creek Dr, Chesapeake, VA, 23323 uses $132,567 cash to close to unlock $8,553/yr annual cash flow and $713/mo monthly cash flow. Total monthly income runs $3,103/mo, and a $1,957/mo payment keeps the spread at $713/mo. Purchase price stands at $399,900, and rental yield measures 9.31% with $3,103/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 137.16% and total cumulative return in cash records $181,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,103/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 2001
N/A 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: Dean Rolle • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10615360