404 Kings Bishop CtChesapeakeVA23320
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 404 Kings Bishop Ct, Chesapeake, VA, 23320 listed at $395,000 pairs $3,146/mo rent with a $1,933/mo payment to leave $785/mo cash flow. Total monthly income runs $3,146/mo, and annual cash flow reaches $9,421/yr on $130,943 cash to close. Return on cash invested measures 27.1% in year one, and rental yield registers 9.56% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 141.17% and total cumulative return in cash totals $184,854. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,146/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23320, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,228 (100%) |
| Owner Occupied HU | 16,419 (60.3%) |
| Renter Occupied HU | 9,921 (36.4%) |
| Vacant Housing Units | 888 ( 3.3%) |
| Median Home Value | $404,246 |
| Average Home Value | $433,358 |
Housing Distribution
Address Breakdown
Residential
26,352
Single Family
23,973
Multi-Family
2,379
Businesses
2,648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Rynkiewicz • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10603285