405 Asuza StChesapeakeVA23323
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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
Rental property for sale in Chesapeake at 405 Asuza St, Chesapeake, VA, 23323 priced at $432,900 pairs $3,162/mo rent with $574/mo cash flow after a $2,119/mo payment. Total monthly income equals $3,162/mo, and annual cash flow comes to $6,888/yr on $143,506 invested. Return on cash invested is 24.71% in year one, and rental yield stands at 8.77% on a $432,900 basis. Equity gained on principal adds $2,793/yr, and 5% annual appreciation accumulates to $119,602 by year five. Five-year ROI measures 128.33% and total cumulative return in cash reaches $184,165. For financing, Ziffy Mortgage’s DSCR program evaluates $3,162/mo property income against a $2,119/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23323, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,889 (100%) |
| Owner Occupied HU | 12,433 (78.2%) |
| Renter Occupied HU | 3,048 (19.2%) |
| Vacant Housing Units | 408 ( 2.6%) |
| Median Home Value | $438,684 |
| Average Home Value | $459,798 |
Housing Distribution
Address Breakdown
Residential
15,831
Single Family
15,399
Multi-Family
432
Businesses
845
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Listed by: Valentina Lee • Seaside Realty
Mls Name: REIN Inc.
Mls ID: #10612702