3529 Clover Meadows DrChesapeakeVA23321
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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 3529 Clover Meadows Dr, Chesapeake, VA, 23321 offers a 11.46% rental yield on a $149,900 purchase with $1,432/mo rent. Total monthly income registers $1,432/mo, and a $734/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,427/yr on $49,692 to close, and return on cash invested stands at 32.84% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 171.96% and total cumulative return in cash at $85,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,432/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
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
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Listed by: Tracey Caddy • Southside Real Estate
Mls Name: REIN Inc.
Mls ID: #10614889