12 Gillis RdPortsmouthVA23702
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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
Rental property for sale in Portsmouth at 12 Gillis Rd, Portsmouth, VA, 23702 priced at $245,000 converts $2,230/mo rent into $766/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,230/mo, and annual cash flow totals $9,187/yr on $81,218 invested. Return on cash invested prints 31.22% in year one, and rental yield reads 10.92% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 163.24% and total cumulative return in cash sums $132,576. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,230/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1948
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: Leighton Stone • Shoreline Realty
Mls Name: REIN Inc.
Mls ID: #10611184