23 Linden AvePortsmouthVA23704
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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 23 Linden Ave, Portsmouth, VA, 23704 offers $2,240/mo rent that, after a $1,170/mo payment, leaves $811/mo cash flow. Total monthly income is $2,240/mo, and annual cash flow is $9,733/yr on $79,229 cash. Return on cash invested measures 32.19% in year one, and rental yield stands at 11.25% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 168.5% and total cumulative return in cash reaches $133,500. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,240/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
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: Steffanie Battles • 1st Class Real Estate Flagship
Mls Name: REIN Inc.
Mls ID: #10614172