22170 Raymond LnCape CharlesVA23310
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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 Cape Charles at 22170 Raymond Ln, Cape Charles, VA, 23310 uses $43,095 cash to close to unlock $3,038/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,030/mo, and a $636/mo payment keeps the spread at $253/mo. Purchase price stands at $129,999, and rental yield measures 9.51% with $1,030/mo rent. Return on cash invested shows 26.96% in year one, and 5% annual appreciation builds toward $35,916 over five years. Five-year ROI reaches 140.46% and total cumulative return in cash records $60,530. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,030/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.20 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
No similar price properties found nearby.
Listed by: Maggie Holley • Rose 1 Real Estate LLC
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64273
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.