5 Center StWachapreagueVA23480
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Nearby investment properties with comparable prices
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 Wachapreague at 5 Center St, Wachapreague, VA, 23480 priced at $337,000 pairs $2,396/mo rent with $382/mo cash flow after a $1,649/mo payment. Total monthly income equals $2,396/mo, and annual cash flow comes to $4,583/yr on $111,716 invested. Return on cash invested is 24.01% in year one, and rental yield stands at 8.53% on a $337,000 basis. Equity gained on principal adds $2,175/yr, and 5% annual appreciation accumulates to $93,107 by year five. Five-year ROI measures 124.55% and total cumulative return in cash reaches $139,140. For financing, Ziffy Mortgage’s DSCR program evaluates $2,396/mo property income against a $1,649/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23480, Wachapreague, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 129 (100%) |
| Owner Occupied HU | 58 (45.0%) |
| Renter Occupied HU | 22 (17.1%) |
| Vacant Housing Units | 49 (38.0%) |
| Median Home Value | $230,000 |
| Average Home Value | $205,603 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
18
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Listed by: Michael Baril • Weichert, Realtors Mason - Davis
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #60765
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