2959 Drum Point CresChesapeakeVA23321
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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
Rental property for sale in Chesapeake at 2959 Drum Point Cres, Chesapeake, VA, 23321 generates $2,965/mo in rent and, after a $2,203/mo payment, leaves $275/mo in cash flow. Total monthly income is $2,965/mo, and annual cash flow is $3,294/yr on $149,175 invested. Return on cash invested sits at 22.12% in year one, and rental yield is 7.91% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 114.41% and total cumulative return in cash sums $170,670. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,965/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
10,018 sqft 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: Exiquio Mora • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10613793