924 Fox Ridge TrlChesapeakeVA23322
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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 924 Fox Ridge Trl, Chesapeake, VA, 23322 earns $386/mo cash flow from $3,912/mo rent with a $2,887/mo payment. Total monthly income totals $3,912/mo, and annual cash flow totals $4,631/yr on $194,077 capital. ROI tracks 22.45% on current figures, and rental yield reads 7.96% at a $589,900 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 over five years. Five-year ROI reaches 116.13% and total cumulative return in cash sums $225,381. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,912/mo property income instead of your personal income.
Single Family
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23322, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,832 (100%) |
| Owner Occupied HU | 19,301 (84.5%) |
| Renter Occupied HU | 3,054 (13.4%) |
| Vacant Housing Units | 477 ( 2.1%) |
| Median Home Value | $510,303 |
| Average Home Value | $550,245 |
Housing Distribution
Address Breakdown
Residential
23,013
Single Family
22,470
Multi-Family
543
Businesses
841
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Listed by: Diana Kasmark • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10604918