605 Hollygate LnChesapeakeVA23322
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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
Rental property for sale in Chesapeake at 605 Hollygate Ln, Chesapeake, VA, 23322 generates $4,055/mo in rent and, after a $3,176/mo payment, leaves $176/mo in cash flow. Total monthly income is $4,055/mo, and annual cash flow is $2,112/yr on $213,488 invested. Return on cash invested sits at 21.05% in year one, and rental yield is 7.5% on a $648,900 entry. Equity gained on principal adds $4,187/yr, while 5% annual appreciation builds toward $179,279 over five years. Five-year ROI reaches 108.67% and total cumulative return in cash sums $231,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,055/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
0.25 Acres 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: Bessie Ostrander • Fathom Realty
Mls Name: REIN Inc.
Mls ID: #10609954