3393 Cherrystone RdCape CharlesVA23310
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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 Cape Charles at 3393 Cherrystone Rd, Cape Charles, VA, 23310 uses $74,588 cash to close to unlock $6,903/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,101/mo payment keeps the spread at $575/mo. Purchase price stands at $225,000, and rental yield measures 10.24% with $1,920/mo rent. Return on cash invested shows 29.16% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 152.24% and total cumulative return in cash records $113,553. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1923
1.50 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
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Listed by: Ralph W. Dodd • RALPH W. DODD & ASSOCIATES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64638
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