1403 Lindsay 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
Investment property for sale in Portsmouth at 1403 Lindsay Ave, Portsmouth, VA, 23704 listed at $215,500 pairs $1,885/mo rent with a $1,055/mo payment to leave $597/mo cash flow. Total monthly income runs $1,885/mo, and annual cash flow reaches $7,158/yr on $71,438 cash to close. Return on cash invested measures 29.93% in year one, and rental yield registers 10.5% at a $215,500 basis. Equity gained on principal adds $1,391/yr, and annual property appreciation at 5% supports $59,539 by year five. Five-year ROI tracks 156.32% and total cumulative return in cash totals $111,674. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,885/mo property income relative to a $1,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
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
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Listed by: Angela Kennedy • 1st Class RealEstate Integrity
Mls Name: REIN Inc.
Mls ID: #10600128