Mm The Grove LaurelChesapeakeVA23321
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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
Rental property for sale in Chesapeake at Mm The Grove Laurel, Chesapeake, VA, 23321 offers $2,520/mo rent that, after a $1,786/mo payment, leaves $339/mo cash flow. Total monthly income is $2,520/mo, and annual cash flow is $4,064/yr on $120,964 cash. Return on cash invested measures 23.27% in year one, and rental yield stands at 8.29% at a $364,900 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,815 by year five. Five-year ROI records 120.58% and total cumulative return in cash reaches $145,860. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,520/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23321, Chesapeake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,895 (100%) |
| Owner Occupied HU | 10,955 (73.5%) |
| Renter Occupied HU | 3,442 (23.1%) |
| Vacant Housing Units | 498 ( 3.3%) |
| Median Home Value | $432,859 |
| Average Home Value | $458,505 |
Housing Distribution
Address Breakdown
Residential
14,727
Single Family
13,708
Multi-Family
1,019
Businesses
914
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Listed by: Angela McCaskill • Corinth Realty LLC
Mls Name: REIN Inc.
Mls ID: #10607970