508 Rue Saint La RogueChesapeakeVA23320
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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 508 Rue Saint La Rogue, Chesapeake, VA, 23320 priced at $229,990 pairs $2,108/mo rent with $733/mo cash flow after a $1,126/mo payment. Total monthly income equals $2,108/mo, and annual cash flow comes to $8,794/yr on $76,242 invested. Return on cash invested is 31.44% in year one, and rental yield stands at 11% on a $229,990 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,542 by year five. Five-year ROI measures 164.42% and total cumulative return in cash reaches $125,356. For financing, Ziffy Mortgage’s DSCR program evaluates $2,108/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1995
N/A 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: Ethelbert Johnson • Swell Real Estate Co
Mls Name: REIN Inc.
Mls ID: #10594602