222 Charles AvePortsmouthVA23702
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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 222 Charles Ave, Portsmouth, VA, 23702 with 5% annual appreciation on a $224,900 basis while $1,632/mo rent supports operations. Total monthly income totals $1,632/mo and a $1,101/mo payment preserves $287/mo for cash returns. Annual cash flow comes to $3,448/yr on $74,554 deployed, and return on cash invested reaches 24.53% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 8.71%. Five-year ROI measures 127.4% and total cumulative return in cash totals $94,981.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,632/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23702, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,388 (100%) |
| Owner Occupied HU | 2,398 (44.5%) |
| Renter Occupied HU | 2,518 (46.7%) |
| Vacant Housing Units | 472 ( 8.8%) |
| Median Home Value | $233,818 |
| Average Home Value | $252,204 |
Housing Distribution
Address Breakdown
Residential
5,091
Single Family
4,806
Multi-Family
285
Businesses
254
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Listed by: Alex Field • Inlet Realty
Mls Name: REIN Inc.
Mls ID: #10600078