336 Esplanade Pl, Chesapeake, VA, 23320 | $636/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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336 Esplanade Pl, Chesapeake, VA, 23320 | $636/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Chesapeake at 336 Esplanade Pl, Chesapeake, VA, 23320 priced at $320,000 pairs $2,549/mo rent with $636/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,549/mo, and annual cash flow comes to $7,636/yr on $106,080 invested. Return on cash invested is 27.11% in year one, and rental yield stands at 9.56% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 141.19% and total cumulative return in cash reaches $149,775. For financing, Ziffy Mortgage’s DSCR program evaluates $2,549/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.

Townhouse

Built in 1993

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautifully maintained home with its open floor plan & bright spacious rooms makes for a great starter home or if downsizing. Low maintenance back yard is just the right size for grilling & enjoying the peacefulness of this sought after neighborhood. Inside, the 1st floor offers plenty of space to entertain or just spreadout. Upstairs you'll find not one but two sizable principal bedrooms. There are also 2 attic spaces for storage needs (1 in the garage & 1 accessed upstairs). Don't forget that this community is top-notch offering a clubhouse, pool, tennis courts, playground, and even a boat dock. Conveniently located near schools, shopping, restaurants and highways. Home Sweet Home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 23320, Chesapeake, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,228 (100%)
Owner Occupied HU	16,419 (60.3%)
Renter Occupied HU	9,921 (36.4%)
Vacant Housing Units	888 ( 3.3%)
Median Home Value	$404,246
Average Home Value	$433,358