603 Sail Fish QuayChesapeakeVA23320
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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 603 Sail Fish Quay, Chesapeake, VA, 23320 listed at $309,900 pairs $2,572/mo rent with a $1,517/mo payment to leave $719/mo cash flow. Total monthly income runs $2,572/mo, and annual cash flow reaches $8,631/yr on $102,732 cash to close. Return on cash invested measures 28.31% in year one, and rental yield registers 9.96% at a $309,900 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,620 by year five. Five-year ROI tracks 147.65% and total cumulative return in cash totals $151,680. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,572/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1995
701.32 sqft 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: Rhonda Shelton • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10597700