8005 Hickman FarmWallops IslandVA23337
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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 Wallops Island at 8005 Hickman Farm, Wallops Island, VA, 23337 offers a 0% rental yield on a $1,150,000 purchase with $0/mo rent. 77% in year one. Equity gained on principal adds $7,421/yr while 5% annual appreciation supports $317,724 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $5,629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23337, Wallops Island, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 293 (100%) |
| Owner Occupied HU | 166 (56.7%) |
| Renter Occupied HU | 58 (19.8%) |
| Vacant Housing Units | 69 (23.5%) |
| Median Home Value | $213,889 |
| Average Home Value | $252,091 |
Housing Distribution
Address Breakdown
Residential
227
Single Family
227
Multi-Family
0
Businesses
21
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No similar rental properties found nearby.
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Listed by: Meghan Clarkson • Long & Foster Real Estate, Inc.
Mls Name: Long & Foster Broker Feed
Mls ID: #VAAC2002470