1828 Parker AvePortsmouthVA23704
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
Rental property for sale in Portsmouth at 1828 Parker Ave, Portsmouth, VA, 23704 generates $2,524/mo in rent and, after a $1,458/mo payment, leaves $743/mo in cash flow. Total monthly income is $2,524/mo, and annual cash flow is $8,920/yr on $98,737 invested. Return on cash invested sits at 28.94% in year one, and rental yield is 10.17% on a $297,850 entry. Equity gained on principal adds $1,922/yr, while 5% annual appreciation builds toward $82,290 over five years. Five-year ROI reaches 151.03% and total cumulative return in cash sums $149,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,524/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adriana Melendez • Swell Realty Co
Mls Name: REIN Inc.
Mls ID: #10610228