3932 Pierce LnChesapeakeVA23321
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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 3932 Pierce Ln, Chesapeake, VA, 23321 listed at $295,000 pairs $2,321/mo rent with a $1,444/mo payment to leave $557/mo cash flow. Total monthly income runs $2,321/mo, and annual cash flow reaches $6,689/yr on $97,793 cash to close. Return on cash invested measures 26.75% in year one, and rental yield registers 9.44% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 139.25% and total cumulative return in cash totals $136,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,321/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
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: Elizabeth Abrams • Abrams Realty
Mls Name: REIN Inc.
Mls ID: #10617177