1 Crawford Pkwy APT 1006PortsmouthVA23704
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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 Portsmouth at 1 Crawford Pkwy APT 1006, Portsmouth, VA, 23704 uses $41,438 cash to close to unlock $3,055/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,002/mo, and a $612/mo payment keeps the spread at $255/mo. Purchase price stands at $125,000, and rental yield measures 9.62% with $1,002/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 142.14% and total cumulative return in cash records $58,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,002/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23704, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,817 (100%) |
| Owner Occupied HU | 3,347 (34.1%) |
| Renter Occupied HU | 5,432 (55.3%) |
| Vacant Housing Units | 1,038 (10.6%) |
| Median Home Value | $234,119 |
| Average Home Value | $258,478 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
6,865
Multi-Family
2,165
Businesses
707
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Listed by: B. Anne Davis • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10613186