1237 Portsmouth BlvdPortsmouthVA23704
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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 1237 Portsmouth Blvd, Portsmouth, VA, 23704 priced at $229,000 converts $1,708/mo rent into $339/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,708/mo, and annual cash flow totals $4,067/yr on $75,914 invested. Return on cash invested prints 25.27% in year one, and rental yield reads 8.95% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 131.3% and total cumulative return in cash sums $99,677. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,708/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1955
5,227 sqft 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
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Listed by: Lynn McGeein • 1st Option Realty Inc
Mls Name: REIN Inc.
Mls ID: #10609997