1509 Lansing 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 1509 Lansing Ave, Portsmouth, VA, 23704 offers a 9.81% rental yield on a $271,500 purchase with $2,219/mo rent. Total monthly income registers $2,219/mo, and a $1,329/mo payment leaves $596/mo available for distribution. Annual cash flow reaches $7,150/yr on $90,002 to close, and return on cash invested stands at 27.85% in year one. Equity gained on principal adds $1,752/yr while 5% annual appreciation supports $75,010 over five years. Portfolio math shows five-year ROI at 145.16% and total cumulative return in cash at $130,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,219/mo property income against a $1,329/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
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: Deanna Jones • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10595167