3069 Main StExmoreVA23350
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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 Exmore at 3069 Main St, Exmore, VA, 23350 generates $2,034/mo in rent and, after a $1,439/mo payment, leaves $277/mo in cash flow. Total monthly income is $2,034/mo, and annual cash flow is $3,318/yr on $97,461 invested. Return on cash invested sits at 23.31% in year one, and rental yield is 8.3% on a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation builds toward $81,227 over five years. Five-year ROI reaches 120.84% and total cumulative return in cash sums $117,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23350, Exmore, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,170 (100%) |
| Owner Occupied HU | 1,095 (50.5%) |
| Renter Occupied HU | 596 (27.5%) |
| Vacant Housing Units | 479 (22.1%) |
| Median Home Value | $260,878 |
| Average Home Value | $345,518 |
Housing Distribution
Address Breakdown
Residential
849
Single Family
849
Multi-Family
0
Businesses
120
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Listed by: Shawn Jennings, Abr, Asp • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #62215
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.