309 Nottingham DrChesapeakeVA23322
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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 309 Nottingham Dr, Chesapeake, VA, 23322 offers $2,908/mo rent that, after a $1,689/mo payment, leaves $845/mo cash flow. Total monthly income is $2,908/mo, and annual cash flow is $10,143/yr on $114,368 cash. Return on cash invested measures 28.78% in year one, and rental yield stands at 10.11% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 150.15% and total cumulative return in cash reaches $171,724. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,908/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23322, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,832 (100%) |
| Owner Occupied HU | 19,301 (84.5%) |
| Renter Occupied HU | 3,054 (13.4%) |
| Vacant Housing Units | 477 ( 2.1%) |
| Median Home Value | $510,303 |
| Average Home Value | $550,245 |
Housing Distribution
Address Breakdown
Residential
23,013
Single Family
22,470
Multi-Family
543
Businesses
841
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Listed by: Debbie Byrd Ellis • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10598351