LOT 652 Castaway DrGreenbackvilleVA23356
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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 Greenbackville at LOT 652 Castaway Dr, Greenbackville, VA, 23356 generates $2,642/mo in rent and, after a $1,659/mo payment, leaves $616/mo in cash flow. Total monthly income is $2,642/mo, and annual cash flow is $7,389/yr on $112,379 invested. Return on cash invested sits at 26.48% in year one, and rental yield is 9.35% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash sums $154,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,642/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23356, Greenbackville, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,206 (100%) |
| Owner Occupied HU | 695 (57.6%) |
| Renter Occupied HU | 83 ( 6.9%) |
| Vacant Housing Units | 428 (35.5%) |
| Median Home Value | $225,376 |
| Average Home Value | $286,986 |
Housing Distribution
Address Breakdown
Residential
1,093
Single Family
1,093
Multi-Family
0
Businesses
12
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Listed by: Robert Smith Jr • Monument Sotheby's International Realty
Mls Name: Eastern Shore AOR
Mls ID: #65049