1109 Lakeview DrPortsmouthVA23701
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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 1109 Lakeview Dr, Portsmouth, VA, 23701 offers a 14.12% rental yield on a $165,000 purchase with $1,941/mo rent. Total monthly income registers $1,941/mo, and a $808/mo payment leaves $954/mo available for distribution. Annual cash flow reaches $11,451/yr on $54,698 to close, and return on cash invested stands at 40.84% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 214.89% and total cumulative return in cash at $117,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,941/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23701, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,673 (100%) |
| Owner Occupied HU | 6,746 (63.2%) |
| Renter Occupied HU | 3,208 (30.1%) |
| Vacant Housing Units | 719 ( 6.7%) |
| Median Home Value | $254,647 |
| Average Home Value | $292,797 |
Housing Distribution
Address Breakdown
Residential
10,572
Single Family
9,900
Multi-Family
672
Businesses
677
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Listed by: Chris Lloyd • Coast to Coast Real Estate Inc
Mls Name: REIN Inc.
Mls ID: #10615084