624 Providence RdChesapeakeVA23325
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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 624 Providence Rd, Chesapeake, VA, 23325 offers $2,132/mo rent that, after a $1,419/mo payment, leaves $399/mo cash flow. Total monthly income is $2,132/mo, and annual cash flow is $4,786/yr on $96,135 cash. Return on cash invested measures 24.89% in year one, and rental yield stands at 8.82% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 129.27% and total cumulative return in cash reaches $124,276. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,132/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23325, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,192 (100%) |
| Owner Occupied HU | 4,772 (66.4%) |
| Renter Occupied HU | 2,156 (30.0%) |
| Vacant Housing Units | 264 ( 3.7%) |
| Median Home Value | $325,568 |
| Average Home Value | $395,949 |
Housing Distribution
Address Breakdown
Residential
7,264
Single Family
7,212
Multi-Family
52
Businesses
284
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Listed by: Kristie Daniels • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10591227