306 Bay Ave, Cape Charles, VA, 23310 | ROI: 3.25%

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cape Charles at 306 Bay Ave, Cape Charles, VA, 23310 projects strong ROI of 3.25%. Rental yield 1.63%. With 5% annual appreciation, the property builds $856,473 in value over five years. Equity growth combined delivers a projected five-year ROI of 13.11%, translating into $131,690 in total cumulative return on $1,004,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Single Family

Built in 1914

0.47 Acres 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