445 Rutgers AveChesapeakeVA23324
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 445 Rutgers Ave, Chesapeake, VA, 23324 at $395,500 posts ROI 25.28% with $587/mo cash flow from $2,951/mo rent. Total monthly income equals $2,951/mo, and annual cash flow records $7,038/yr on $131,108 to close. Return on cash invested measures 25.28% and rental yield reads 8.95% at the current $395,500. Equity gained on principal adds $2,552/yr, and 5% annual appreciation supports $109,269 by year five. Five-year ROI prints 131.36% and total cumulative return in cash totals $172,219.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,951/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
10,367 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23324, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,683 (100%) |
| Owner Occupied HU | 5,387 (50.4%) |
| Renter Occupied HU | 4,662 (43.6%) |
| Vacant Housing Units | 634 ( 5.9%) |
| Median Home Value | $270,429 |
| Average Home Value | $314,214 |
Housing Distribution
Address Breakdown
Residential
9,692
Single Family
9,482
Multi-Family
210
Businesses
594
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Nearby investment properties with comparable prices
Listed by: Shaquanna Parris • Iron Valley Real Est Norfolk
Mls Name: REIN Inc.
Mls ID: #10591694