1618 Belafonte DrPortsmouthVA23701
Nearby investment properties with comparable rents
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 1618 Belafonte Dr, Portsmouth, VA, 23701 listed at $395,000 pairs $3,064/mo rent with a $1,933/mo payment to leave $703/mo cash flow. Total monthly income runs $3,064/mo, and annual cash flow reaches $8,437/yr on $130,943 cash to close. Return on cash invested measures 26.35% in year one, and rental yield registers 9.31% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 137.14% and total cumulative return in cash totals $179,574. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,064/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23701, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,673 (100%) |
| Owner Occupied HU | 6,746 (63.2%) |
| Renter Occupied HU | 3,208 (30.1%) |
| Vacant Housing Units | 719 ( 6.7%) |
| Median Home Value | $254,647 |
| Average Home Value | $292,797 |
Housing Distribution
Address Breakdown
Residential
10,572
Single Family
9,900
Multi-Family
672
Businesses
677
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kapil Sehgal • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10615404