928 Wynngate 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
Investment property for sale in Chesapeake at 928 Wynngate Dr, Chesapeake, VA, 23320 offers a 8.16% rental yield on a $412,000 purchase with $2,801/mo rent. Total monthly income registers $2,801/mo, and a $2,017/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,052/yr on $136,578 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $2,659/yr while 5% annual appreciation supports $113,828 over five years. Portfolio math shows five-year ROI at 118.48% and total cumulative return in cash at $161,823. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,801/mo property income against a $2,017/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
10,367 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: Jenna Childers • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10596158