1370 Wool AvePortsmouthVA23707
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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 1370 Wool Ave, Portsmouth, VA, 23707 priced at $299,999 converts $1,901/mo rent into $108/mo cash flow after a $1,468/mo obligation. Total monthly income equals $1,901/mo, and annual cash flow totals $1,296/yr on $99,450 invested. Return on cash invested prints 21.21% in year one, and rental yield reads 7.6% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 109.54% and total cumulative return in cash sums $108,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,901/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1913
4,530 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23707, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,731 (100%) |
| Owner Occupied HU | 3,208 (47.7%) |
| Renter Occupied HU | 2,820 (41.9%) |
| Vacant Housing Units | 703 (10.4%) |
| Median Home Value | $254,667 |
| Average Home Value | $280,450 |
Housing Distribution
Address Breakdown
Residential
6,476
Single Family
5,962
Multi-Family
514
Businesses
555
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Listed by: Marcus Ferguson • World Class Realty
Mls Name: REIN Inc.
Mls ID: #10611391