8045 Hickman Farm RdWallops 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
Rental property for sale in Wallops Island at 8045 Hickman Farm Rd, Wallops Island, VA, 23337 priced at $339,900 pairs $2,633/mo rent with $601/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,633/mo, and annual cash flow comes to $7,209/yr on $112,677 invested. Return on cash invested is 26.31% in year one, and rental yield stands at 9.3% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 136.87% and total cumulative return in cash reaches $154,223. For financing, Ziffy Mortgage’s DSCR program evaluates $2,633/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.47 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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Listed by: Shawn Jennings, Abr, Asp • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64292
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.