24103 Adelaide StParksleyVA23421
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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 Parksley at 24103 Adelaide St, Parksley, VA, 23421 offers a 6.17% rental yield on a $289,000 purchase with $1,487/mo rent. 89% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 86.37% and total cumulative return in cash at $82,742. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23421, Parksley, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,007 (50.3%) |
| Renter Occupied HU | 609 (30.4%) |
| Vacant Housing Units | 387 (19.3%) |
| Median Home Value | $215,559 |
| Average Home Value | $258,784 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
836
Multi-Family
92
Businesses
69
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Listed by: Brittany Bundick • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64067
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.