3315 Sherwood Gate CpeCape CharlesVA23310
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
Investment Highlights
Rental property for sale in Cape Charles at 3315 Sherwood Gate Cpe, Cape Charles, VA, 23310 generates $1,920/mo in rent, after a $1,908/mo payment. Total monthly income is $1,920/mo. Return on cash invested sits at 16.1% in year one, and rental yield is 5.91% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 82.14% and total cumulative return in cash sums $106,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.46 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Swaney • Salty Dog Realty LLC
Mls Name: REIN Inc.
Mls ID: #10600557