23170 Town 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
Rental property for sale in Onancock at 23170 Town Rd, Onancock, VA, 23417 generates $1,167/mo in rent and, after a $754/mo payment, leaves $246/mo in cash flow. Total monthly income is $1,167/mo, and annual cash flow is $2,954/yr on $51,051 invested. Return on cash invested sits at 25.7% in year one, and rental yield is 9.09% on a $154,000 entry. Equity gained on principal adds $994/yr, while 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 133.68% and total cumulative return in cash sums $68,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,167/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.50 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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