6324 Chestnut Hill RdVirginia BeachVA23464
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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 Virginia Beach at 6324 Chestnut Hill Rd, Virginia Beach, VA, 23464 uses $140,888 cash to close to unlock $5,875/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $3,030/mo, and a $2,080/mo payment keeps the spread at $490/mo. Purchase price stands at $425,000, and rental yield measures 8.56% with $3,030/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 124.93% and total cumulative return in cash records $176,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,030/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23464, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,109 (100%) |
| Owner Occupied HU | 20,321 (69.8%) |
| Renter Occupied HU | 7,987 (27.4%) |
| Vacant Housing Units | 801 ( 2.8%) |
| Median Home Value | $384,194 |
| Average Home Value | $434,023 |
Housing Distribution
Address Breakdown
Residential
28,766
Single Family
26,171
Multi-Family
2,595
Businesses
888
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Listed by: Prince Parker • Wainwright Real Estate
Mls Name: REIN Inc.
Mls ID: #10615081