37323 Doubloon DrGreenbackvilleVA23356
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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 Greenbackville at 37323 Doubloon Dr, Greenbackville, VA, 23356 uses $107,738 cash to close to unlock $4,127/yr annual cash flow and $344/mo monthly cash flow. Total monthly income runs $2,287/mo, and a $1,591/mo payment keeps the spread at $344/mo. Purchase price stands at $325,000, and rental yield measures 8.44% with $2,287/mo rent. Return on cash invested shows 23.74% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 123.1% and total cumulative return in cash records $132,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,287/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2003
9,713 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23356, Greenbackville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 695 (57.6%) |
| Renter Occupied HU | 83 ( 6.9%) |
| Vacant Housing Units | 428 (35.5%) |
| Median Home Value | $225,376 |
| Average Home Value | $286,986 |
Housing Distribution
Address Breakdown
Residential
1,093
Single Family
1,093
Multi-Family
0
Businesses
12
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Listed by: Carley Sark • Swell Real Estate
Mls Name: Eastern Shore AOR
Mls ID: #65573