952 Saint Andrews Reach APT AChesapeakeVA23320
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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 952 Saint Andrews Reach APT A, Chesapeake, VA, 23320 listed at $229,900 pairs $1,634/mo rent with a $1,125/mo payment to leave $260/mo cash flow. Total monthly income runs $1,634/mo, and annual cash flow reaches $3,119/yr on $76,212 cash to close. Return on cash invested measures 24% in year one, and rental yield registers 8.53% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 124.5% and total cumulative return in cash totals $94,883. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,634/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A 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: Kim McCabe • Better Homes & Gdns Ntv Am Grp
Mls Name: REIN Inc.
Mls ID: #10609967