612 River Creek RdChesapeakeVA23320
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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 612 River Creek Rd, Chesapeake, VA, 23320 with 5% annual appreciation on a $317,000 basis while $2,500/mo rent supports operations. Total monthly income totals $2,500/mo and a $1,552/mo payment preserves $605/mo for cash returns. Annual cash flow comes to $7,255/yr on $105,086 deployed, and return on cash invested reaches 26.81% in year one. Equity gained on principal adds $2,046/yr, and five-year appreciation sums $87,581 alongside rental yield of 9.46%. Five-year ROI measures 139.61% and total cumulative return in cash totals $146,709.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,500/mo property income versus a $1,552/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
N/A 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: Angela Stafilidis • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10617483