761 Sherman DrChesapeakeVA23320
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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 761 Sherman Dr, Chesapeake, VA, 23320 generates $2,569/mo in rent and, after a $1,713/mo payment, leaves $477/mo in cash flow. Total monthly income is $2,569/mo, and annual cash flow is $5,723/yr on $115,992 invested. Return on cash invested sits at 24.84% in year one, and rental yield is 8.81% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 129.01% and total cumulative return in cash sums $149,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,569/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
10,018 sqft 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: Delia Longoria • 1st Class RealEstate Integrity
Mls Name: REIN Inc.
Mls ID: #10613015