5229 Chipping LnVirginia BeachVA23455
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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 Virginia Beach at 5229 Chipping Ln, Virginia Beach, VA, 23455 listed at $475,900 pairs $3,330/mo rent with a $2,329/mo payment to leave $485/mo cash flow. Total monthly income runs $3,330/mo, and annual cash flow reaches $5,825/yr on $157,761 cash to close. Return on cash invested measures 23.6% in year one, and rental yield registers 8.4% at a $475,900 basis. Equity gained on principal adds $3,071/yr, and annual property appreciation at 5% supports $131,482 by year five. Five-year ROI tracks 122.37% and total cumulative return in cash totals $193,057. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,330/mo property income relative to a $2,329/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23455, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,549 (100%) |
| Owner Occupied HU | 12,943 (57.4%) |
| Renter Occupied HU | 8,645 (38.3%) |
| Vacant Housing Units | 961 ( 4.3%) |
| Median Home Value | $518,567 |
| Average Home Value | $585,972 |
Housing Distribution
Address Breakdown
Residential
22,417
Single Family
20,420
Multi-Family
1,997
Businesses
1,089
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Listed by: Patience MacCartney • Iron Valley Real Est Norfolk
Mls Name: REIN Inc.
Mls ID: #10603270