713 Rue MarseilleChesapeakeVA23320
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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 713 Rue Marseille, Chesapeake, VA, 23320 priced at $229,000 pairs $1,973/mo rent with $604/mo cash flow after a $1,121/mo payment. Total monthly income equals $1,973/mo, and annual cash flow comes to $7,247/yr on $75,914 invested. Return on cash invested is 29.46% in year one, and rental yield stands at 10.34% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 153.77% and total cumulative return in cash reaches $116,729. For financing, Ziffy Mortgage’s DSCR program evaluates $1,973/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1996
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: Annalisa Previte • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10611537