31 Brooklyn AveWachapreagueVA23480
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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 Wachapreague at 31 Brooklyn Ave, Wachapreague, VA, 23480 offers $2,132/mo rent that, after a $1,468/mo payment, leaves $339/mo cash flow. Total monthly income is $2,132/mo, and annual cash flow is $4,068/yr on $99,450 cash. Return on cash invested measures 24% in year one, and rental yield stands at 8.53% at a $299,999 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 124.5% and total cumulative return in cash reaches $123,816. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,132/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23480, Wachapreague, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 129 (100%) |
| Owner Occupied HU | 58 (45.0%) |
| Renter Occupied HU | 22 (17.1%) |
| Vacant Housing Units | 49 (38.0%) |
| Median Home Value | $230,000 |
| Average Home Value | $205,603 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
18
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Listed by: Diana Belote • Weichert, Realtors Mason - Davis
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #61987
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.