7205 Bunting RdChincoteagueVA23336
Nearby investment properties with comparable rents
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 Chincoteague at 7205 Bunting Rd, Chincoteague, VA, 23336 priced at $299,500 pairs $2,400/mo rent with $610/mo cash flow after a $1,466/mo payment. Total monthly income equals $2,400/mo, and annual cash flow comes to $7,314/yr on $99,284 invested. Return on cash invested is 27.28% in year one, and rental yield stands at 9.62% on a $299,500 basis. Equity gained on principal adds $1,933/yr, and 5% annual appreciation accumulates to $82,746 by year five. Five-year ROI measures 142.09% and total cumulative return in cash reaches $141,071. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $1,466/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1982
2,613 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynne Ballerini • DOCKSIDE PROPERTIES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #60492
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.