11576 Heron DrMachipongoVA23405
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
Investment property for sale in Machipongo at 11576 Heron Dr, Machipongo, VA, 23405 earns from $2,820/mo rent with a $2,883/mo payment. Total monthly income totals $2,820/mo. ROI tracks 15.72% on current figures, and rental yield reads 5.75% at a $589,000 purchase. Equity gained on principal adds $3,801/yr, and 5% annual appreciation supports $162,730 over five years. Five-year ROI reaches 80.06% and total cumulative return in cash sums $155,138. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,820/mo property income instead of your personal income.
Single Family
Built in 1984
0.68 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie Parker • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls ID: #65575