14121 Seaside RdMachipongoVA23405
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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
Rental property for sale in Machipongo at 14121 Seaside Rd, Machipongo, VA, 23405 generates $5,000/mo in rent, after a $7,342/mo payment. Total monthly income is $5,000/mo. Return on cash invested sits at 10.57% in year one, and rental yield is 4% on a $1,500,000 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation builds toward $414,422 over five years. Five-year ROI reaches 52.4% and total cumulative return in cash sums $254,675. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1759
175 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: Eva Noonan • CHESAPEAKE PROPERTIES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #55874
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