LOT 1 Bayberry LnChincoteagueVA23336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chincoteague at LOT 1 Bayberry Ln, Chincoteague, VA, 23336 priced at $749,000 pairs $3,694/mo rent with after a $3,666/mo payment. Total monthly income equals $3,694/mo. Return on cash invested is 16.25% in year one, and rental yield stands at 5.92% on a $749,000 basis. Equity gained on principal adds $4,833/yr, and 5% annual appreciation accumulates to $206,935 by year five. Five-year ROI measures 82.88% and total cumulative return in cash reaches $204,244. For financing, Ziffy Mortgage’s DSCR program evaluates $3,694/mo property income against a $3,666/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.27 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 |
Housing Distribution
Address Breakdown
Residential
2,439
Single Family
2,415
Multi-Family
24
Businesses
307
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Listed by: Robert Smith Jr • Monument Sotheby's International Realty
Mls Name: Eastern Shore AOR
Mls ID: #65456