300-3B Mason 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 300-3B Mason Ave, Cape Charles, VA, 23310 earns from $1,855/mo rent with a $1,707/mo payment. Total monthly income totals $1,855/mo. ROI tracks 17.52% on current figures, and rental yield reads 6.38% at a $348,850 purchase. Equity gained on principal adds $2,251/yr, and 5% annual appreciation supports $96,381 over five years. Five-year ROI reaches 89.81% and total cumulative return in cash sums $103,861. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,855/mo property income instead of your personal income.
Condo
Built in 2016
N/A 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 ID: #64811