15509 Pungoteague Rd,Painter,VA,23420

Investment Highlights

Investment property for sale in Painter at 15509 Pungoteague Rd, Painter, VA, 23420 offers a 9.24% rental yield on a $234,000 purchase with $1,801/mo rent. Total monthly income registers $1,801/mo, and a $1,145/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,830/yr on $77,571 to close, and return on cash invested stands at 26.14% in year one. Equity gained on principal adds $1,510/yr while 5% annual appreciation supports $64,650 over five years. Portfolio math shows five-year ROI at 135.98% and total cumulative return in cash at $105,483. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,801/mo property income against a $1,145/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.