2508 Markham 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 2508 Markham St, Portsmouth, VA, 23707 uses $66,300 cash to close to unlock $2,392/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,395/mo, and a $979/mo payment keeps the spread at $199/mo. Purchase price stands at $200,000, and rental yield measures 8.37% with $1,395/mo rent. Return on cash invested shows 23.52% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 121.97% and total cumulative return in cash records $80,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,395/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1972
5,227 sqft 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: Kelley Seifert • AtCoastal Realty
Mls Name: REIN Inc.
Mls ID: #10604388