3940 Starboard RdChesapeakeVA23321
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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 3940 Starboard Rd, Chesapeake, VA, 23321 uses $99,417 cash to close to unlock $5,101/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $2,218/mo, and a $1,468/mo payment keeps the spread at $425/mo. Purchase price stands at $299,900, and rental yield measures 8.87% with $2,218/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 130.12% and total cumulative return in cash records $129,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,218/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1964
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: Craig Boyer • Creed Realty
Mls Name: REIN Inc.
Mls ID: #10607813