2623 Columbus AvePortsmouthVA23704
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
Investment property for sale in Portsmouth at 2623 Columbus Ave, Portsmouth, VA, 23704 uses $117,683 cash to close to unlock $12,689/yr annual cash flow and $1,057/mo monthly cash flow. Total monthly income runs $3,180/mo, and a $1,738/mo payment keeps the spread at $1,057/mo. Purchase price stands at $355,000, and rental yield measures 10.75% with $3,180/mo rent. Return on cash invested shows 30.69% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 160.4% and total cumulative return in cash records $188,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,180/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 2025
5,009 sqft 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: Marie Banks • Swell Real Estate Co
Mls Name: REIN Inc.
Mls ID: #10609595