106 Constitution AvePortsmouthVA23704
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 Portsmouth at 106 Constitution Ave, Portsmouth, VA, 23704 priced at $204,500 pairs $1,884/mo rent with $661/mo cash flow after a $1,001/mo payment. Total monthly income equals $1,884/mo, and annual cash flow comes to $7,938/yr on $67,792 invested. Return on cash invested is 31.62% in year one, and rental yield stands at 11.06% on a $204,500 basis. Equity gained on principal adds $1,320/yr, and 5% annual appreciation accumulates to $56,500 by year five. Five-year ROI measures 165.39% and total cumulative return in cash reaches $112,121. For financing, Ziffy Mortgage’s DSCR program evaluates $1,884/mo property income against a $1,001/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1948
6,000 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan Melvin • Benham Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10601249