345 Belle Ridge CtChesapeakeVA23322
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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
Rental property for sale in Chesapeake at 345 Belle Ridge Ct, Chesapeake, VA, 23322 offers $2,145/mo rent that, after a $1,542/mo payment, leaves $262/mo cash flow. Total monthly income is $2,145/mo, and annual cash flow is $3,141/yr on $104,423 cash. Return on cash invested measures 22.92% in year one, and rental yield stands at 8.17% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 118.69% and total cumulative return in cash reaches $123,941. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,145/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.31 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: Adina Garcia Turner • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10600593