The Dogwood Townhome Plan, The Reserve at GrassfieldChesapeakeVA23323
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
Rental property for sale in Chesapeake at The Dogwood Townhome Plan, The Reserve at Grassfield, Chesapeake, VA, 23323 priced at $584,900 converts $3,850/mo rent into $228/mo cash flow after a $2,863/mo obligation. Total monthly income equals $3,850/mo, and annual cash flow totals $2,740/yr on $192,432 invested. Return on cash invested prints 21.48% in year one, and rental yield reads 7.9% against a $584,900 entry. Equity gained on principal adds $3,774/yr, while 5% annual appreciation compiles into $161,597 by year five. Five-year ROI reaches 111.27% and total cumulative return in cash sums $214,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,850/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$125 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Bishard Homes
Mls Name: Bishard Homes
Mls ID: #N/A