LOT 4 Lancy DrAtlanticVA23303
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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 Atlantic at LOT 4 Lancy Dr, Atlantic, VA, 23303 offers $1,368/mo rent that, after a $1,857/mo payment. Total monthly income is $1,368/mo. Return on cash invested measures 11.32% in year one, and rental yield stands at 4.33% at a $379,500 entry. Equity gained on principal adds $2,449/yr while 5% annual appreciation compounds into $104,849 by year five. Five-year ROI records 56.52% and total cumulative return in cash reaches $71,100. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,368/mo property income versus a $1,857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23303, Atlantic, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 295 (100%) |
| Owner Occupied HU | 177 (60.0%) |
| Renter Occupied HU | 69 (23.4%) |
| Vacant Housing Units | 49 (16.6%) |
| Median Home Value | $214,352 |
| Average Home Value | $270,819 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
25
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Listed by: The Mcgoldrick Team, Llc • LONG & FOSTER - VB
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #64075
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.