1235 Summit AvePortsmouthVA23704
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
Investment property for sale in Portsmouth at 1235 Summit Ave, Portsmouth, VA, 23704 earns $672/mo cash flow from $1,987/mo rent with a $1,077/mo payment. Total monthly income totals $1,987/mo, and annual cash flow totals $8,060/yr on $72,930 capital. ROI tracks 30.96% on current figures, and rental yield reads 10.84% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 161.86% and total cumulative return in cash sums $118,043. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,987/mo property income instead of your personal income.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23704, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,817 (100%) |
| Owner Occupied HU | 3,347 (34.1%) |
| Renter Occupied HU | 5,432 (55.3%) |
| Vacant Housing Units | 1,038 (10.6%) |
| Median Home Value | $234,119 |
| Average Home Value | $258,478 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
6,865
Multi-Family
2,165
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mahama Gonzales • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10614579