12 Harvard RdPortsmouthVA23701
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 12 Harvard Rd, Portsmouth, VA, 23701 priced at $184,900 converts $1,470/mo rent into $365/mo cash flow after a $905/mo obligation. Total monthly income equals $1,470/mo, and annual cash flow totals $4,376/yr on $61,294 invested. Return on cash invested prints 27.05% in year one, and rental yield reads 9.54% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 140.87% and total cumulative return in cash sums $86,347. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,470/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1942
9,583 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin McDaniel • AtCoastal Realty
Mls Name: REIN Inc.
Mls ID: #10609577