21151 Cherrystone WayCape CharlesVA23310
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
Investment Highlights
Investment property for sale in Cape Charles at 21151 Cherrystone Way, Cape Charles, VA, 23310 uses $114,169 cash to close to unlock $9,875/yr annual cash flow and $823/mo monthly cash flow. Total monthly income runs $2,882/mo, and a $1,686/mo payment keeps the spread at $823/mo. Purchase price stands at $344,400, and rental yield measures 10.04% with $2,882/mo rent. Return on cash invested shows 28.56% in year one, and 5% annual appreciation builds toward $95,151 over five years. Five-year ROI reaches 148.93% and total cumulative return in cash records $170,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,882/mo property income covering a $1,686/mo payment rather than investor’s personal income.
Single Family
Built in 2004
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23310, Cape Charles, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,801 (100%) |
| Owner Occupied HU | 1,819 (47.9%) |
| Renter Occupied HU | 781 (20.5%) |
| Vacant Housing Units | 1,201 (31.6%) |
| Median Home Value | $378,548 |
| Average Home Value | $468,551 |
Housing Distribution
Address Breakdown
Residential
2,521
Single Family
2,481
Multi-Family
40
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A