LOT 719 Castaway DrGreenbackvilleVA23356
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 Greenbackville at LOT 719 Castaway Dr, Greenbackville, VA, 23356 priced at $561,990 converts $3,558/mo rent into $198/mo cash flow after a $2,751/mo obligation. Total monthly income equals $3,558/mo, and annual cash flow totals $2,378/yr on $184,895 invested. Return on cash invested prints 21.35% in year one, and rental yield reads 7.6% against a $561,990 entry. Equity gained on principal adds $3,626/yr, while 5% annual appreciation compiles into $155,267 by year five. Five-year ROI reaches 110.26% and total cumulative return in cash sums $203,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,558/mo property income covering a $2,751/mo payment, not borrower’s personal income.
Single Family
Built in 2026
9,000 sqft 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: #66696