4192 Division 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
Investment property for sale in Chincoteague at 4192 Division St, Chincoteague, VA, 23336 listed at $269,000 pairs $2,400/mo rent with a $1,317/mo payment to leave $792/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $9,499/yr on $89,174 cash to close. Return on cash invested measures 30.56% in year one, and rental yield registers 10.71% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 159.71% and total cumulative return in cash totals $142,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
9,147 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: Shawn Jennings, Abr, Asp • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls ID: #66719