3155 Flounder CtMachipongoVA23405
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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
Investment property for sale in Machipongo at 3155 Flounder Ct, Machipongo, VA, 23405 offers a 8.19% rental yield on a $371,500 purchase with $2,535/mo rent. Total monthly income registers $2,535/mo, and a $1,818/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,774/yr on $123,152 to close, and return on cash invested stands at 22.97% in year one. Equity gained on principal adds $2,397/yr while 5% annual appreciation supports $102,639 over five years. Portfolio math shows five-year ROI at 119.02% and total cumulative return in cash at $146,576. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,535/mo property income against a $1,818/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23405, Machipongo, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 572 (100%) |
| Owner Occupied HU | 323 (56.5%) |
| Renter Occupied HU | 86 (15.0%) |
| Vacant Housing Units | 163 (28.5%) |
| Median Home Value | $438,406 |
| Average Home Value | $491,029 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
418
Multi-Family
0
Businesses
32
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Listed by: Sarah Rivas • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #60619
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.