7923 East Side, Chincoteague Island, VA, 23336 | 4.65% Rental Yield

For Sale

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

Total monthly income runs $2,400/mo, and a $3,030/mo payment. Purchase price stands at $619,000, and rental yield measures 4.65% with $2,400/mo rent. Return on cash invested shows 12.4% in year one, and 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 62.25% and total cumulative return in cash records $126,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $3,030/mo payment rather than investor’s personal income.

Multi Family

Built in 2024

0.41 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