15225 Locust StOnancockVA23417
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 15225 Locust St, Onancock, VA, 23417 in Onancock is a conservative rental investment at $340,000. Rental yield 7.13%. A 1.32 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $93,936; $3,131/yr in principal paydown supplements. Total projected return: $127,823.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.2% |
| Monthly Cash Flow | $(13) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,020 |
| Total Monthly Debt Service | $1,897 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23417, Onancock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,272 (100%) |
| Owner Occupied HU | 1,258 (55.4%) |
| Renter Occupied HU | 462 (20.3%) |
| Vacant Housing Units | 552 (24.3%) |
| Median Home Value | $327,679 |
| Average Home Value | $468,048 |
Housing Distribution
Address Breakdown
Residential
1,770
Single Family
1,737
Multi-Family
33
Businesses
155
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
Single Family
Built in 2006
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23417, Onancock, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,272 (100%) |
| Owner Occupied HU | 1,258 (55.4%) |
| Renter Occupied HU | 462 (20.3%) |
| Vacant Housing Units | 552 (24.3%) |
| Median Home Value | $327,679 |
| Average Home Value | $468,048 |
Housing Distribution
Address Breakdown
Residential
1,770
Single Family
1,737
Multi-Family
33
Businesses
155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices