3308 Patrick Henry DrChesapeakeVA23323
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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 3308 Patrick Henry Dr, Chesapeake, VA, 23323 offers a 8.74% rental yield on a $544,900 purchase with $3,967/mo rent. Total monthly income registers $3,967/mo, and a $2,667/mo payment leaves $710/mo available for distribution. Annual cash flow reaches $8,516/yr on $179,272 to close, and return on cash invested stands at 24.81% in year one. Equity gained on principal adds $3,516/yr while 5% annual appreciation supports $150,546 over five years. Portfolio math shows five-year ROI at 128.82% and total cumulative return in cash at $230,933. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,967/mo property income against a $2,667/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
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
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Listed by: Mari Hutchison • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10599505