609 Captain Cooke WayChesapeakeVA23322
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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 609 Captain Cooke Way, Chesapeake, VA, 23322 offers a 7.98% rental yield on a $549,900 purchase with $3,655/mo rent. Total monthly income registers $3,655/mo, and a $2,691/mo payment leaves $368/mo available for distribution. Annual cash flow reaches $4,419/yr on $180,917 to close, and return on cash invested stands at 22.5% in year one. Equity gained on principal adds $3,548/yr while 5% annual appreciation supports $151,927 over five years. Portfolio math shows five-year ROI at 116.45% and total cumulative return in cash at $210,674. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,655/mo property income against a $2,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
9,278 sqft 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: Kristen Boyd • Next Chapter VA Realty Inc
Mls Name: REIN Inc.
Mls ID: #10594849