701 Wingfield AveChesapeakeVA23325
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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 701 Wingfield Ave, Chesapeake, VA, 23325 earns from $1,526/mo rent with a $1,346/mo payment. Total monthly income totals $1,526/mo. ROI tracks 18.36% on current figures, and rental yield reads 6.66% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 94.29% and total cumulative return in cash sums $85,955. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,526/mo property income instead of your personal income.
Multi Family
Built in 1942
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: Robin Dibuono • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10612689