940 Baneberry WayChesapeakeVA23323
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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
Total monthly income runs $4,030/mo, and a $3,279/mo payment. Purchase price stands at $670,000, and rental yield measures 7.22% with $4,030/mo rent. Return on cash invested shows 19.43% in year one, and 5% annual appreciation builds toward $185,109 over five years. Five-year ROI reaches 100.25% and total cumulative return in cash records $220,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,030/mo property income covering a $3,279/mo payment rather than investor’s personal income.
Single Family
Built in 2021
7,840 sqft lot
$N/A/sqft
$65 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23323, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,889 (100%) |
| Owner Occupied HU | 12,433 (78.2%) |
| Renter Occupied HU | 3,048 (19.2%) |
| Vacant Housing Units | 408 ( 2.6%) |
| Median Home Value | $438,684 |
| Average Home Value | $459,798 |
Housing Distribution
Address Breakdown
Residential
15,831
Single Family
15,399
Multi-Family
432
Businesses
845
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Listed by: Kelvin Reed • Your Home Sold Guaranteed Realty - Reeds Real Estate
Mls Name: My State MLS
Mls ID: #11462358