109 Faro LnPortsmouthVA23703
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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 109 Faro Ln, Portsmouth, VA, 23703 offers a 9.36% rental yield on a $325,000 purchase with $2,536/mo rent. Total monthly income registers $2,536/mo, and a $1,591/mo payment leaves $593/mo available for distribution. Annual cash flow reaches $7,115/yr on $107,738 to close, and return on cash invested stands at 26.51% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 137.98% and total cumulative return in cash at $148,657. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,536/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23703, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,410 (100%) |
| Owner Occupied HU | 7,264 (63.7%) |
| Renter Occupied HU | 3,500 (30.7%) |
| Vacant Housing Units | 646 ( 5.7%) |
| Median Home Value | $302,766 |
| Average Home Value | $328,834 |
Housing Distribution
Address Breakdown
Residential
10,860
Single Family
10,202
Multi-Family
658
Businesses
441
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Listed by: Ronald Byrd • Keller Williams Town Center
Mls Name: REIN Inc.
Mls ID: #10606604