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Market MapVirginiaChesapeake City

Chesapeake City

VirginiaPopulation: 249,377Virginia Beach, VA Metro
63
/100
Buy
#254 of 1,000 counties
#40 in Virginia (133 counties)

Market Snapshot

$410,985
Median Home Price
76% above national median
$2,045/mo
Median Rent
35% above national median
5.97%
Rent-to-Price Ratio
Top 49% nationally
-$825
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$410,985
Down Payment (20%)$82,197
Loan Amount$328,788
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,045
Monthly P&I-$2,154
Est. Expenses (35%)-$716
Net Cash Flow-$825/mo
3.9%
Cap Rate (all cash)
-10.5%
Cash-on-Cash Return
5.97%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
63/100
63
Cash Flow(30%)
60/100

Based on 5.97% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
78/100

Based on 2.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
63/100

Price-to-income ratio of 4.4x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$825/mo)
  • -Negative leverage (cap rate 3.9% < mortgage rate 6.9%)

Economic Indicators

Population
249,377
Median Income
$92,703
vs $57,018 national est.
Unemployment Rate
—
Data pending
Price-to-Income
4.4x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
MecklenburgVA
64$198,731$1,4848.96%BuyView
CurrentChesapeake CityVA
63$410,985$2,0455.97%Buy
RockbridgeVA
63$316,023Est. pending—BuyView
RockinghamVA
63$351,766$1,8636.35%BuyView
AugustaVA
62$348,578$1,5895.47%BuyView
OrangeVA
62$371,984$1,8946.11%BuyView

The Bottom Line

BuyChesapeake City offers solid investment potential with good cash flow or appreciation prospects.

Chesapeake City in Virginia scores 63/100, ranking #254 of 1,000 US counties (top 34%). The 5.97% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-825/mo
Cap Rate
3.9%
Cash-on-Cash
-10.5%

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