23 King StOnancockVA23417
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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
Rental property for sale in Onancock at 23 King St, Onancock, VA, 23417 offers $1,620/mo rent that, after a $6,363/mo payment. Total monthly income is $1,620/mo. Return on cash invested measures 2.84% in year one, and rental yield stands at 1.5% at a $1,299,999 entry. Equity gained on principal adds $8,389/yr while 5% annual appreciation compounds into $359,166 by year five. Five-year ROI records 10.95% and total cumulative return in cash reaches $46,131. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,620/mo property income versus a $6,363/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1856
0.46 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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Listed by: Kimberley M. Starr • CHESAPEAKE PROPERTIES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64060
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.