33298 Maple LnWallops IslandVA23337
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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 Wallops Island at 33298 Maple Ln, Wallops Island, VA, 23337 generates $2,238/mo in rent, after a $1,950/mo payment. Total monthly income is $2,238/mo. Return on cash invested sits at 18.6% in year one, and rental yield is 6.74% on a $398,500 entry. Equity gained on principal adds $2,571/yr, while 5% annual appreciation builds toward $110,098 over five years. Five-year ROI reaches 95.57% and total cumulative return in cash sums $126,253. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,238/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23337, Wallops Island, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 293 (100%) |
| Owner Occupied HU | 166 (56.7%) |
| Renter Occupied HU | 58 (19.8%) |
| Vacant Housing Units | 69 (23.5%) |
| Median Home Value | $213,889 |
| Average Home Value | $252,091 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
227
Multi-Family
0
Businesses
21
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Listed by: Angie Conklin Abell • BEACH BAY REALTY, LLC
Mls Name: Eastern Shore AOR
Mls ID: #66733