5060 Wildcat LnChincoteagueVA23336
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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 5060 Wildcat Ln, Chincoteague, VA, 23336 generates $2,400/mo in rent, after a $7,586/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 3.97% in year one, and rental yield is 1.86% on a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation builds toward $428,236 over five years. Five-year ROI reaches 16.96% and total cumulative return in cash sums $85,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
3.51 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: The Mcgoldrick Team, Llc • Long & Foster - Wallops Island
Mls Name: Eastern Shore AOR
Mls ID: #64849