165 Choate StPortsmouthVA23707
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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 165 Choate St, Portsmouth, VA, 23707 earns $307/mo cash flow from $2,190/mo rent with a $1,542/mo payment. Total monthly income totals $2,190/mo, and annual cash flow totals $3,681/yr on $104,423 capital. ROI tracks 23.43% on current figures, and rental yield reads 8.34% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 121.47% and total cumulative return in cash sums $126,845. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,190/mo property income instead of your personal income.
Single Family
Built in 1942
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23707, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,731 (100%) |
| Owner Occupied HU | 3,208 (47.7%) |
| Renter Occupied HU | 2,820 (41.9%) |
| Vacant Housing Units | 703 (10.4%) |
| Median Home Value | $254,667 |
| Average Home Value | $280,450 |
Housing Distribution
Address Breakdown
Residential
6,476
Single Family
5,962
Multi-Family
514
Businesses
555
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Listed by: Christina Russell • Paragon Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10592883