407 Preservation ReachChesapeakeVA23320
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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 407 Preservation Reach, Chesapeake, VA, 23320 priced at $599,000 converts $3,605/mo rent into $24/mo cash flow after a $2,932/mo obligation. Total monthly income equals $3,605/mo, and annual cash flow totals $289/yr on $197,071 invested. Return on cash invested prints 20.21% in year one, and rental yield reads 7.22% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 104.15% and total cumulative return in cash sums $205,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,605/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.25 Acres 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
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Listed by: Karen Newins • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10615901