8111 Leo LnChincoteagueVA23336
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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 Chincoteague at 8111 Leo Ln, Chincoteague, VA, 23336 at $120,000 posts ROI 25.85% with $197/mo cash flow from $914/mo rent. Total monthly income equals $914/mo, and annual cash flow records $2,364/yr on $39,780 to close. Return on cash invested measures 25.85% and rental yield reads 9.14% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 134.41% and total cumulative return in cash totals $53,467.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $914/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
N/A 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
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Listed by: Kara Haney • 1st Advantage Realty LLC
Mls Name: REIN Inc.
Mls ID: #10613406