9454 Westerhouse RdMachipongoVA23405
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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 Machipongo at 9454 Westerhouse Rd, Machipongo, VA, 23405 generates $5,761/mo in rent, after a $7,293/mo payment. Total monthly income is $5,761/mo. Return on cash invested sits at 12.55% in year one, and rental yield is 4.64% on a $1,490,000 entry. Equity gained on principal adds $9,615/yr, while 5% annual appreciation builds toward $411,660 over five years. Five-year ROI reaches 62.99% and total cumulative return in cash sums $304,096. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,761/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
5.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23405, Machipongo, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 572 (100%) |
| Owner Occupied HU | 323 (56.5%) |
| Renter Occupied HU | 86 (15.0%) |
| Vacant Housing Units | 163 (28.5%) |
| Median Home Value | $438,406 |
| Average Home Value | $491,029 |
Housing Distribution
Address Breakdown
Residential
418
Single Family
418
Multi-Family
0
Businesses
32
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Listed by: Kimberley M. Starr • CHESAPEAKE PROPERTIES
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #59949
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.