708 Prestwick TurnCape 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 708 Prestwick Turn, Cape Charles, VA, 23310 offers a 8.09% rental yield on a $525,000 purchase with $3,540/mo rent. Total monthly income registers $3,540/mo, and a $2,570/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,815/yr on $172,725 to close, and return on cash invested stands at 22.85% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 118.31% and total cumulative return in cash at $204,345. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,540/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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: Natalie Ann Smith • BAY CREEK REALTY
Mls Name: Eastern Shore AOR
Mls ID: #65229