1122 Carrington Cres SPortsmouthVA23701
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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 1122 Carrington Cres S, Portsmouth, VA, 23701 uses $46,742 cash to close to unlock $3,375/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,124/mo, and a $690/mo payment keeps the spread at $281/mo. Purchase price stands at $141,000, and rental yield measures 9.57% with $1,124/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $38,956 over five years. Five-year ROI reaches 141.36% and total cumulative return in cash records $66,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,124/mo property income covering a $690/mo payment rather than investor’s personal income.
Single Family
Built in 1971
N/A 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: Charmaine Graham • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10594538