6403 Jester St, Chincoteague Island, VA, 23336 | $15/mo Cash Flow

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chincoteague Island at 6403 Jester St, Chincoteague Island, VA, 23336 listed at $399,000 pairs $2,400/mo rent with a $1,953/mo payment to leave $15/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $177/yr on $132,269 cash to close. Return on cash invested measures 20.04% in year one, and rental yield registers 7.22% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 103.28% and total cumulative return in cash totals $136,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1940

0.27 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