3860 Schooner TrlChesapeakeVA23321
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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 3860 Schooner Trl, Chesapeake, VA, 23321 with 5% annual appreciation on a $189,000 basis while $1,430/mo rent supports operations. Total monthly income totals $1,430/mo and a $925/mo payment preserves $300/mo for cash returns. Annual cash flow comes to $3,603/yr on $62,654 deployed, and return on cash invested reaches 25.66% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 9.08%. Five-year ROI measures 133.46% and total cumulative return in cash totals $83,614.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,430/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1970
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: Marilyn Lipieko • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10614766