LOT 9 Oceanview CtAccomacVA23301
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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
Investment property for sale in Accomac at LOT 9 Oceanview Ct, Accomac, VA, 23301 with 5% annual appreciation on a $119,000 basis while $2,260/mo rent supports operations. Total monthly income totals $2,260/mo and a $582/mo payment preserves $1,549/mo for cash returns. Annual cash flow comes to $18,589/yr on $39,449 deployed, and return on cash invested reaches 67.03% in year one. Equity gained on principal adds $768/yr, and five-year appreciation sums $32,878 alongside rental yield of 22.79%. Five-year ROI measures 355.37% and total cumulative return in cash totals $140,189.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,260/mo property income versus a $582/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Lot
Built in N/A
3.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23301, Accomac, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 421 (53.2%) |
| Renter Occupied HU | 187 (23.6%) |
| Vacant Housing Units | 184 (23.2%) |
| Median Home Value | $312,500 |
| Average Home Value | $366,015 |
Housing Distribution
Address Breakdown
Residential
474
Single Family
474
Multi-Family
0
Businesses
129
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Listed by: Magdalena Stodghill • COLDWELL BANKER HARBOUR REALTY
Mls Name: Eastern Shore AOR
Mls Provider:
Mls ID: #60620
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