4944 Apricot WayChesapeakeVA23321
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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
Investment property for sale in Chesapeake at 4944 Apricot Way, Chesapeake, VA, 23321 uses $125,274 cash to close to unlock $3,127/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,850/mo payment keeps the spread at $261/mo. Purchase price stands at $377,900, and rental yield measures 8% with $2,520/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $104,407 over five years. Five-year ROI reaches 115.96% and total cumulative return in cash records $145,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,850/mo payment rather than investor’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23321, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,895 (100%) |
| Owner Occupied HU | 10,955 (73.5%) |
| Renter Occupied HU | 3,442 (23.1%) |
| Vacant Housing Units | 498 ( 3.3%) |
| Median Home Value | $432,859 |
| Average Home Value | $458,505 |
Housing Distribution
Address Breakdown
Residential
14,727
Single Family
13,708
Multi-Family
1,019
Businesses
914
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Listed by: Angela McCaskill • Corinth Realty LLC
Mls Name: REIN Inc.
Mls ID: #10612803