17478 Northside RdOnancockVA23417
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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
Investment property for sale in Onancock at 17478 Northside Rd, Onancock, VA, 23417 uses $72,897 cash to close to unlock $5,121/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $1,076/mo payment keeps the spread at $427/mo. Purchase price stands at $219,900, and rental yield measures 9.5% with $1,741/mo rent. Return on cash invested shows 26.93% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 140.24% and total cumulative return in cash records $102,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.80 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
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