224 Monroe AveCape 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 224 Monroe Ave, Cape Charles, VA, 23310 with 5% annual appreciation on a $709,500 basis while $1,772/mo rent supports operations. 36% in year one. Equity gained on principal adds $4,578/yr, and five-year appreciation sums $196,022 alongside rental yield of 3%. Five-year ROI measures 35.27% and total cumulative return in cash totals $82,318. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,772/mo property income versus a $3,473/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
4,800 sqft 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
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Listed by: Erika Schadt • Coastal Shore Real Estate - Cape Charles
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64317
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.