830 Partridge AveChesapeakeVA23324
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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 830 Partridge Ave, Chesapeake, VA, 23324 earns $293/mo cash flow from $1,279/mo rent with a $807/mo payment. Total monthly income totals $1,279/mo, and annual cash flow totals $3,520/yr on $54,664 capital. ROI tracks 26.35% on current figures, and rental yield reads 9.31% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 137.16% and total cumulative return in cash sums $74,980. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,279/mo property income instead of your personal income.
Single Family
Built in 1950
3,963 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23324, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,683 (100%) |
| Owner Occupied HU | 5,387 (50.4%) |
| Renter Occupied HU | 4,662 (43.6%) |
| Vacant Housing Units | 634 ( 5.9%) |
| Median Home Value | $270,429 |
| Average Home Value | $314,214 |
Housing Distribution
Address Breakdown
Residential
9,692
Single Family
9,482
Multi-Family
210
Businesses
594
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Listed by: Michael Gleason • Gleason & Associates Realty
Mls Name: REIN Inc.
Mls ID: #10598701