3109 Big Bend DrChesapeakeVA23321
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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
Investment property for sale in Chesapeake at 3109 Big Bend Dr, Chesapeake, VA, 23321 earns $684/mo cash flow from $2,119/mo rent with a $1,175/mo payment. Total monthly income totals $2,119/mo, and annual cash flow totals $8,208/yr on $79,560 capital. ROI tracks 30.23% on current figures, and rental yield reads 10.6% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 157.88% and total cumulative return in cash sums $125,606. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,119/mo property income instead of your personal income.
Condo
Built in 2000
N/A 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: Shaquita Debraux • Apex Realty Group
Mls Name: REIN Inc.
Mls ID: #10619146