105 Shipmate WayPortsmouthVA23702
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
Investment property for sale in Portsmouth at 105 Shipmate Way, Portsmouth, VA, 23702 at $344,000 posts ROI 27.58% with $729/mo cash flow from $2,786/mo rent. Total monthly income equals $2,786/mo, and annual cash flow records $8,752/yr on $114,036 to close. Return on cash invested measures 27.58% and rental yield reads 9.72% at the current $344,000. Equity gained on principal adds $2,220/yr, and 5% annual appreciation supports $95,041 by year five. Five-year ROI prints 143.75% and total cumulative return in cash totals $163,922.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,786/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23702, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,388 (100%) |
| Owner Occupied HU | 2,398 (44.5%) |
| Renter Occupied HU | 2,518 (46.7%) |
| Vacant Housing Units | 472 ( 8.8%) |
| Median Home Value | $233,818 |
| Average Home Value | $252,204 |
Housing Distribution
Address Breakdown
Residential
5,091
Single Family
4,806
Multi-Family
285
Businesses
254
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Listed by: Ron Clark • CENTURY 21 Top Producers
Mls Name: REIN Inc.
Mls ID: #10615759