Mm The Belmont Pl #1ChesapeakeVA23322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $4,171/mo, and a $3,586/mo payment. Purchase price stands at $732,600, and rental yield measures 6.83% with $4,171/mo rent. Return on cash invested shows 19.02% in year one, and 5% annual appreciation builds toward $202,404 over five years. Five-year ROI reaches 97.77% and total cumulative return in cash records $235,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,171/mo property income covering a $3,586/mo payment rather than investor’s personal income.
Single Family
Built in 2023
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judy Duke • Wainwright Real Estate
Mls Name: REIN Inc.
Mls ID: #10503170