3209 Tyre Neck RdChesapeakeVA23321
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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 3209 Tyre Neck Rd, Chesapeake, VA, 23321 earns $511/mo cash flow from $3,290/mo rent with a $2,275/mo payment. Total monthly income totals $3,290/mo, and annual cash flow totals $6,136/yr on $154,114 capital. ROI tracks 23.89% on current figures, and rental yield reads 8.49% at a $464,900 purchase. Equity gained on principal adds $3,000/yr, and 5% annual appreciation supports $128,443 over five years. Five-year ROI reaches 123.92% and total cumulative return in cash sums $190,984. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,290/mo property income instead of your personal income.
Single Family
Built in 1992
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: Angela Kennedy • 1st Class RealEstate Integrity
Mls Name: REIN Inc.
Mls ID: #10606045