2506 Oak StPortsmouthVA23704
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
Rental property for sale in Portsmouth at 2506 Oak St, Portsmouth, VA, 23704 offers $2,574/mo rent that, after a $1,498/mo payment, leaves $745/mo cash flow. Total monthly income is $2,574/mo, and annual cash flow is $8,934/yr on $101,439 cash. Return on cash invested measures 28.72% in year one, and rental yield stands at 10.09% at a $306,000 entry. Equity gained on principal adds $1,975/yr while 5% annual appreciation compounds into $84,542 by year five. Five-year ROI records 149.81% and total cumulative return in cash reaches $151,968. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,574/mo property income versus a $1,498/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marilyn Rivera • MR Rivera Realty Group
Mls Name: REIN Inc.
Mls ID: #10599864