16 Rex AvePortsmouthVA23702
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Nearby investment properties with comparable prices
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 16 Rex Ave, Portsmouth, VA, 23702 offers a 14.2% rental yield on a $150,000 purchase with $1,775/mo rent. Total monthly income registers $1,775/mo, and a $734/mo payment leaves $879/mo available for distribution. Annual cash flow reaches $10,542/yr on $49,725 to close, and return on cash invested stands at 41.11% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 216.29% and total cumulative return in cash at $107,550. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,775/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23702, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,388 (100%) |
| Owner Occupied HU | 2,398 (44.5%) |
| Renter Occupied HU | 2,518 (46.7%) |
| Vacant Housing Units | 472 ( 8.8%) |
| Median Home Value | $233,818 |
| Average Home Value | $252,204 |
Housing Distribution
Address Breakdown
Residential
5,091
Single Family
4,806
Multi-Family
285
Businesses
254
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Listed by: Sneha Rana • Seaside Realty
Mls Name: REIN Inc.
Mls ID: #10615380