213 Mayflower RdPortsmouthVA23701
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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 213 Mayflower Rd, Portsmouth, VA, 23701 generates $2,708/mo in rent and, after a $1,615/mo payment, leaves $736/mo in cash flow. Total monthly income is $2,708/mo, and annual cash flow is $8,827/yr on $109,362 invested. Return on cash invested sits at 27.98% in year one, and rental yield is 9.85% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 145.85% and total cumulative return in cash sums $159,507. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,708/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23701, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,673 (100%) |
| Owner Occupied HU | 6,746 (63.2%) |
| Renter Occupied HU | 3,208 (30.1%) |
| Vacant Housing Units | 719 ( 6.7%) |
| Median Home Value | $254,647 |
| Average Home Value | $292,797 |
Housing Distribution
Address Breakdown
Residential
10,572
Single Family
9,900
Multi-Family
672
Businesses
677
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Listed by: Carlson Teke • COVA Home Realty
Mls Name: REIN Inc.
Mls ID: #10608316