3440 Clover Rd EChesapeakeVA23321
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.16% yield at 3440 Clover Rd E, Chesapeake, VA, 23321 in Chesapeake is solid, but the $674/mo payment compresses net cash flow to $38/mo at $149,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $41,415 by year five, and $1,381/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.70) without U.S. income documentation. Total projected return: $72,671.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $38 | $1,850 |
City averages based on Chesapeake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,144 |
| Total Monthly Debt Service | $836 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1987
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andy Nelson • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10616829