341 Hickory Rd EChesapeakeVA23322
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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 341 Hickory Rd E, Chesapeake, VA, 23322 with 5% annual appreciation on a $540,000 basis while $3,814/mo rent supports operations. Total monthly income totals $3,814/mo and a $2,643/mo payment preserves $586/mo for cash returns. Annual cash flow comes to $7,032/yr on $177,660 deployed, and return on cash invested reaches 24.02% in year one. Equity gained on principal adds $3,485/yr, and five-year appreciation sums $149,192 alongside rental yield of 8.48%. Five-year ROI measures 124.56% and total cumulative return in cash totals $221,294.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,814/mo property income versus a $2,643/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
1.27 Acres 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: Holly Portillo • Iron Valley Real Est. Prestige
Mls Name: REIN Inc.
Mls ID: #10604720