244 Broad StPortsmouthVA23707
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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 244 Broad St, Portsmouth, VA, 23707 listed at $285,000 pairs $1,978/mo rent with a $1,395/mo payment to leave $274/mo cash flow. Total monthly income runs $1,978/mo, and annual cash flow reaches $3,291/yr on $94,478 cash to close. Return on cash invested measures 23.39% in year one, and rental yield registers 8.33% at a $285,000 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 121.28% and total cumulative return in cash totals $114,582. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,978/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23707, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,731 (100%) |
| Owner Occupied HU | 3,208 (47.7%) |
| Renter Occupied HU | 2,820 (41.9%) |
| Vacant Housing Units | 703 (10.4%) |
| Median Home Value | $254,667 |
| Average Home Value | $280,450 |
Housing Distribution
Address Breakdown
Residential
6,476
Single Family
5,962
Multi-Family
514
Businesses
555
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Listed by: Stephanie Caskill • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10612787