2009 King StPortsmouthVA23704
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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 2009 King St, Portsmouth, VA, 23704 uses $62,236 cash to close to unlock $3,559/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $1,419/mo, and a $919/mo payment keeps the spread at $297/mo. Purchase price stands at $187,740, and rental yield measures 9.07% with $1,419/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $51,869 over five years. Five-year ROI reaches 133.25% and total cumulative return in cash records $82,931. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,419/mo property income covering a $919/mo payment rather than investor’s personal income.
Single Family
Built in 1930
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
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Listed by: Pamela Ibanez • LPT Realty LLC
Mls Name: REIN Inc.
Mls ID: #10615219