2415 Octopus RdGreenbackvilleVA23356
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 2415 Octopus Rd, Greenbackville, VA, 23356 in Greenbackville is listed at $294,900 and delivers $1,983/mo in rent and $220/mo in net monthly cash flow. The 8.07% yield and 1.50 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $81,475 over five years, and $2,716/yr in principal reduction supplements cash return. Total projected cumulative return: $125,745.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.2% |
| Monthly Cash Flow | $220 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,983 |
| Total Monthly Debt Service | $1,646 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23356, Greenbackville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 695 (57.6%) |
| Renter Occupied HU | 83 ( 6.9%) |
| Vacant Housing Units | 428 (35.5%) |
| Median Home Value | $225,376 |
| Average Home Value | $286,986 |
Housing Distribution
Address Breakdown
Residential
1,093
Single Family
1,093
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2006
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23356, Greenbackville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 695 (57.6%) |
| Renter Occupied HU | 83 ( 6.9%) |
| Vacant Housing Units | 428 (35.5%) |
| Median Home Value | $225,376 |
| Average Home Value | $286,986 |
Housing Distribution
Address Breakdown
Residential
1,093
Single Family
1,093
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Lewis • Century 21 Harbor Realty
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64226
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.