607 Mile Creek 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
Investment property for sale in Chesapeake at 607 Mile Creek Ln, Chesapeake, VA, 23322 earns $150/mo cash flow from $4,184/mo rent with a $3,303/mo payment. Total monthly income totals $4,184/mo, and annual cash flow totals $1,798/yr on $222,042 capital. ROI tracks 20.87% on current figures, and rental yield reads 7.44% at a $674,900 purchase. Equity gained on principal adds $4,355/yr, and 5% annual appreciation supports $186,462 over five years. Five-year ROI reaches 107.67% and total cumulative return in cash sums $239,083. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,184/mo property income instead of your personal income.
Single Family
Built in 2005
0.36 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: Joanna Terlecki • LPT Realty LLC
Mls Name: REIN Inc.
Mls ID: #10610348