516 Walbridge BndCape CharlesVA23310
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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 Cape Charles at 516 Walbridge Bnd, Cape Charles, VA, 23310 at $1,085,000 posts ROI 9.44% with from $3,446/mo rent. Total monthly income equals $3,446/mo. Return on cash invested measures 9.44% and rental yield reads 3.81% at the current $1,085,000. Equity gained on principal adds $7,001/yr, and 5% annual appreciation supports $299,766 by year five. Five-year ROI prints 46.51% and total cumulative return in cash totals $163,514. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,446/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
N/A lot
$N/A/sqft
$162 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23310, Cape Charles, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,801 (100%) |
| Owner Occupied HU | 1,819 (47.9%) |
| Renter Occupied HU | 781 (20.5%) |
| Vacant Housing Units | 1,201 (31.6%) |
| Median Home Value | $378,548 |
| Average Home Value | $468,551 |
Housing Distribution
Address Breakdown
Residential
2,521
Single Family
2,481
Multi-Family
40
Businesses
221
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Listed by: Linda Buskey • Bay Creek Realty LLC
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10539556
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