1004 Hill St

Chesapeake, VA 23324
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2 bd, 2 ba | 1,008 sqft | Built in 2007

For Sale

Exclusive

List Price
$200,000

Initial Investment

$54,500

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

07/01/2021

Lease End

06/30/2022

Lot Size

2,657

HOA

None

Flood Risk

Not Required

  • Quiet neighborhood, central location with easy access to everything
  • Rent is under market rate, current rent was maintained due to tenant's good three years rental history with the property
  • No deferred maintenance, the property has had a home warranty since it was built
  • Maintained pest/termite control services quarterly since the house was built
  • New construction in the area replacing older homes in the outskirts of the neighborhood
  • No HOA
  • Central air
See more in Analysis

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Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$2,927

Property Taxes

-$1,800

Loan Payments

-$8,593

Net Cash Flow

-$781

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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