2004 Sawgrass LnPortsmouthVA23703
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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 2004 Sawgrass Ln, Portsmouth, VA, 23703 listed at $242,000 pairs $1,837/mo rent with a $1,184/mo payment to leave $391/mo cash flow. Total monthly income runs $1,837/mo, and annual cash flow reaches $4,690/yr on $80,223 cash to close. Return on cash invested measures 25.76% in year one, and rental yield registers 9.11% at a $242,000 basis. Equity gained on principal adds $1,562/yr, and annual property appreciation at 5% supports $66,860 by year five. Five-year ROI tracks 133.91% and total cumulative return in cash totals $107,430. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,837/mo property income relative to a $1,184/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23703, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,410 (100%) |
| Owner Occupied HU | 7,264 (63.7%) |
| Renter Occupied HU | 3,500 (30.7%) |
| Vacant Housing Units | 646 ( 5.7%) |
| Median Home Value | $302,766 |
| Average Home Value | $328,834 |
Housing Distribution
Address Breakdown
Residential
10,860
Single Family
10,202
Multi-Family
658
Businesses
441
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Listed by: Delwyn Cosby • RE/MAX Alliance
Mls Name: REIN Inc.
Mls ID: #10612143