15 Old Church CirPortsmouthVA23703
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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 15 Old Church Cir, Portsmouth, VA, 23703 with 5% annual appreciation on a $295,000 basis while $2,135/mo rent supports operations. Total monthly income totals $2,135/mo and a $1,444/mo payment preserves $371/mo for cash returns. Annual cash flow comes to $4,457/yr on $97,793 deployed, and return on cash invested reaches 24.47% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 8.68%. Five-year ROI measures 127.03% and total cumulative return in cash totals $124,226.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,135/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23703, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,410 (100%) |
| Owner Occupied HU | 7,264 (63.7%) |
| Renter Occupied HU | 3,500 (30.7%) |
| Vacant Housing Units | 646 ( 5.7%) |
| Median Home Value | $302,766 |
| Average Home Value | $328,834 |
Housing Distribution
Address Breakdown
Residential
10,860
Single Family
10,202
Multi-Family
658
Businesses
441
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Listed by: Anna Paduhovich • EXP Commercial LLC
Mls Name: REIN Inc.
Mls ID: #10592098