31 Brooklyn AveWachapreagueVA23480
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 31 Brooklyn Ave, Wachapreague, VA, 23480 in Wachapreague is straightforward: $299,999 in, $2,132/mo in rent, $339/mo out after debt service. The 8.53% gross yield and 1.58 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $82,884 by year five. With $2,763/yr in principal equity, the total cumulative return is projected at $135,280.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $339 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,132 |
| Total Monthly Debt Service | $1,674 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.