2014 Piedmont 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
Investment property for sale in Portsmouth at 2014 Piedmont Ave, Portsmouth, VA, 23704 uses $75,582 cash to close to unlock $7,620/yr annual cash flow and $635/mo monthly cash flow. Total monthly income runs $1,998/mo, and a $1,116/mo payment keeps the spread at $635/mo. Purchase price stands at $228,000, and rental yield measures 10.52% with $1,998/mo rent. Return on cash invested shows 29.99% in year one, and 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 156.61% and total cumulative return in cash records $118,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,998/mo property income covering a $1,116/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,227 sqft 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: Jonathan Melvin • Benham Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10610609