199 Riverside DrPortsmouthVA23707
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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
Rental property for sale in Portsmouth at 199 Riverside Dr, Portsmouth, VA, 23707 offers $3,036/mo rent that, after a $2,124/mo payment, leaves $442/mo cash flow. Total monthly income is $3,036/mo, and annual cash flow is $5,302/yr on $143,871 cash. Return on cash invested measures 23.59% in year one, and rental yield stands at 8.39% at a $434,000 entry. Equity gained on principal adds $2,801/yr while 5% annual appreciation compounds into $119,906 by year five. Five-year ROI records 122.32% and total cumulative return in cash reaches $175,978. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,036/mo property income versus a $2,124/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.29 Acres 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: Matthew Spencer • Rock Steady Group
Mls Name: REIN Inc.
Mls ID: #10606780