604 Caleb DrChesapeakeVA23322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 604 Caleb Dr, Chesapeake, VA, 23322 at $475,000 posts ROI 21.12% with $159/mo cash flow from $2,999/mo rent. Total monthly income equals $2,999/mo, and annual cash flow records $1,913/yr on $157,463 to close. Return on cash invested measures 21.12% and rental yield reads 7.58% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 109.09% and total cumulative return in cash totals $171,775.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,999/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
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: Scott Meredith • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10614316