3340 Main StChincoteague IslandVA23336
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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 Chincoteague Island at 3340 Main St, Chincoteague Island, VA, 23336 with 5% annual appreciation on a $472,500 basis while $2,974/mo rent supports operations. Total monthly income totals $2,974/mo and a $2,313/mo payment preserves $149/mo for cash returns. Annual cash flow comes to $1,789/yr on $156,634 deployed, and return on cash invested reaches 21.05% in year one. Equity gained on principal adds $3,049/yr, and five-year appreciation sums $130,543 alongside rental yield of 7.55%. Five-year ROI measures 108.71% and total cumulative return in cash totals $170,282.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,974/mo property income versus a $2,313/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23336, Chincoteague Island, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,287 (100%) |
| Owner Occupied HU | 1,250 (29.2%) |
| Renter Occupied HU | 409 ( 9.5%) |
| Vacant Housing Units | 2,628 (61.3%) |
| Median Home Value | $365,359 |
| Average Home Value | $380,074 |
Housing Distribution
Address Breakdown
Residential
2,439
Single Family
2,415
Multi-Family
24
Businesses
307
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Listed by: America Pace • DOCKSIDE PROPERTIES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #57729
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.