3505 Elaina WayChesapeakeVA23321
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
Investment Highlights
Rental property for sale in Chesapeake at 3505 Elaina Way, Chesapeake, VA, 23321 priced at $533,793 converts $2,520/mo rent into after a $2,613/mo obligation. Total monthly income equals $2,520/mo. Return on cash invested prints 15.47% in year one, and rental yield reads 5.67% against a $533,793 entry. Equity gained on principal adds $3,444/yr, while 5% annual appreciation compiles into $147,477 by year five. Five-year ROI reaches 78.74% and total cumulative return in cash sums $138,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $2,613/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
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: Monique McClellan • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10607782