308 Bayside 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
Rental property for sale in Cape Charles at 308 Bayside Ave, Cape Charles, VA, 23310 priced at $949,000 pairs $4,200/mo rent with after a $4,645/mo payment. Total monthly income equals $4,200/mo. Return on cash invested is 14.4% in year one, and rental yield stands at 5.31% on a $949,000 basis. Equity gained on principal adds $6,124/yr, and 5% annual appreciation accumulates to $262,191 by year five. Five-year ROI measures 72.98% and total cumulative return in cash reaches $227,844. For financing, Ziffy Mortgage’s DSCR program evaluates $4,200/mo property income against a $4,645/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
6,011 sqft 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: Thomas Andrew Horvath • BAY CREEK REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64039
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.