5392 Chatham Lake DrVirginia BeachVA23464
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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 5392 Chatham Lake Dr, Virginia Beach, VA, 23464 uses $129,285 cash to close to unlock $5,814/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $2,816/mo, and a $1,909/mo payment keeps the spread at $485/mo. Purchase price stands at $390,000, and rental yield measures 8.66% with $2,816/mo rent. Return on cash invested shows 24.41% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash records $163,796. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,816/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
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Listed by: Chris Harris • LPT Realty LLC
Mls Name: REIN Inc.
Mls ID: #10599701