3452 Willow StChincoteagueVA23336
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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 Chincoteague at 3452 Willow St, Chincoteague, VA, 23336 offers $2,400/mo rent that, after a $1,879/mo payment, leaves $105/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $1,260/yr on $127,296 cash. Return on cash invested measures 20.9% in year one, and rental yield stands at 7.5% at a $384,000 entry. Equity gained on principal adds $2,478/yr while 5% annual appreciation compounds into $106,092 by year five. Five-year ROI records 107.86% and total cumulative return in cash reaches $137,300. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,879/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
0.29 Acres 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: Mr. Rico Dimattia • Rico Realty, LLC
Mls Name: Bright MLS
Mls ID: #VAAC2001276