3612 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 3612 Clover Meadows Dr, Chesapeake, VA, 23321 listed at $160,000 pairs $1,207/mo rent with a $783/mo payment to leave $251/mo cash flow. Total monthly income runs $1,207/mo, and annual cash flow reaches $3,008/yr on $53,040 cash to close. Return on cash invested measures 25.58% in year one, and rental yield registers 9.05% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 132.99% and total cumulative return in cash totals $70,538. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,207/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Shelly Taylor • Real Broker LLC
Mls Name: REIN Inc.
Mls ID: #10611818