11403 Heron DrMachipongoVA23405
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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
Investment property for sale in Machipongo at 11403 Heron Dr, Machipongo, VA, 23405 uses $104,423 cash to close to unlock $3,009/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $2,134/mo, and a $1,542/mo payment keeps the spread at $251/mo. Purchase price stands at $315,000, and rental yield measures 8.13% with $2,134/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 118.03% and total cumulative return in cash records $123,245. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,134/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23405, Machipongo, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 572 (100%) |
| Owner Occupied HU | 323 (56.5%) |
| Renter Occupied HU | 86 (15.0%) |
| Vacant Housing Units | 163 (28.5%) |
| Median Home Value | $438,406 |
| Average Home Value | $491,029 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
418
Multi-Family
0
Businesses
32
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Listed by: Daryl Ann Mitros • Weichert, Realtors Mason - Davis
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #59900
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