1241 Wirt AvePortsmouthVA23704
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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 1241 Wirt Ave, Portsmouth, VA, 23704 priced at $200,000 pairs $1,343/mo rent with $147/mo cash flow after a $979/mo payment. Total monthly income equals $1,343/mo, and annual cash flow comes to $1,768/yr on $66,300 invested. Return on cash invested is 22.58% in year one, and rental yield stands at 8.06% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 116.92% and total cumulative return in cash reaches $77,516. For financing, Ziffy Mortgage’s DSCR program evaluates $1,343/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
2,700 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: Kris Kyzar • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10607741