LOT 884 Broadside 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 884 Broadside Dr, Greenbackville, VA, 23356 offers $3,000/mo rent that, after a $1,821/mo payment, leaves $776/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $9,312/yr on $123,315 cash. Return on cash invested measures 27.46% in year one, and rental yield stands at 9.68% at a $371,990 entry. Equity gained on principal adds $2,400/yr while 5% annual appreciation compounds into $102,774 by year five. Five-year ROI records 143.1% and total cumulative return in cash reaches $176,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $1,821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cynthia Welsh • HALL REALTY INC
Mls Name: Eastern Shore AOR
Mls ID: #64519