424 Rhema RdChesapeakeVA23323
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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
Rental property for sale in Chesapeake at 424 Rhema Rd, Chesapeake, VA, 23323 offers $3,997/mo rent that, after a $2,863/mo payment, leaves $322/mo cash flow. Total monthly income is $3,997/mo, and annual cash flow is $3,867/yr on $192,432 cash. Return on cash invested measures 22.07% in year one, and rental yield stands at 8.2% at a $584,900 entry. Equity gained on principal adds $3,774/yr while 5% annual appreciation compounds into $161,597 by year five. Five-year ROI records 114.54% and total cumulative return in cash reaches $220,415. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,997/mo property income versus a $2,863/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$125 monthly 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: N/A • Bishard Homes
Mls Name: Bishard Homes
Mls ID: #N/A