product

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2041 Lockard Ave, Chesapeake, VA 23320 — $227,900 · 3bd · ~0.9% rule | OnePercent

2041 Lockard Ave, Chesapeake, VA 23320

$227,900

Home·Chesapeake 23320·2041 Lockard Ave, Chesapeake, VA 23320

Unconfirmed for 11 days — may no longer be available

2041 Lockard Ave, Chesapeake, VA 23320

3 bd · 1 ba · 1,000 sqft · built 1950 · Chesapeake · SINGLE_FAMILY·source listing ↗

$227,900

rent, three ways

OnePercent model (vv1)$2,125/mo

p10–p90 confidence band

HUD Fair Market Rent · 23320 · 3BR$2,980/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Chesapeake City

Flood risk indexRelatively Moderate FEMA NRI

Median household income$84,305

Median area rent$1,716/mo

Median home value$346,400

the verdict

0.93%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$227,900

0.93% · rent $2,125

Intrinsic value · income approach

$326,267

30% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.