16122 Main Ridge RdTangierVA23440
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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 Tangier at 16122 Main Ridge Rd, Tangier, VA, 23440 listed at $125,000 pairs $1,001/mo rent with a $612/mo payment to leave $254/mo cash flow. Total monthly income runs $1,001/mo, and annual cash flow reaches $3,043/yr on $41,438 cash to close. Return on cash invested measures 27.25% in year one, and rental yield registers 9.61% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 142% and total cumulative return in cash totals $58,841. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,001/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23440, Tangier, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 277 (100%) |
| Owner Occupied HU | 192 (69.3%) |
| Renter Occupied HU | 14 ( 5.1%) |
| Vacant Housing Units | 71 (25.6%) |
| Median Home Value | $136,719 |
| Average Home Value | $135,065 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
13
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Listed by: Irene Lewin • LEWIN & CARR INC.
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #59315
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