513 E Lake CirChesapeakeVA23322
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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 513 E Lake Cir, Chesapeake, VA, 23322 at $239,000 posts ROI 26.33% with $424/mo cash flow from $1,853/mo rent. Total monthly income equals $1,853/mo, and annual cash flow records $5,089/yr on $79,229 to close. Return on cash invested measures 26.33% and rental yield reads 9.3% at the current $239,000. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 by year five. Five-year ROI prints 137.06% and total cumulative return in cash totals $108,588.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,853/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23322, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,832 (100%) |
| Owner Occupied HU | 19,301 (84.5%) |
| Renter Occupied HU | 3,054 (13.4%) |
| Vacant Housing Units | 477 ( 2.1%) |
| Median Home Value | $510,303 |
| Average Home Value | $550,245 |
Housing Distribution
Address Breakdown
Residential
23,013
Single Family
22,470
Multi-Family
543
Businesses
841
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Listed by: Mary Kraft • Military Veterans Realty
Mls Name: REIN Inc.
Mls ID: #10611155