2803 Elm 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 2803 Elm Ave, Portsmouth, VA, 23704 generates $1,081/mo in rent and, after a $680/mo payment, leaves $250/mo in cash flow. Total monthly income is $1,081/mo, and annual cash flow is $3,005/yr on $46,079 invested. Return on cash invested sits at 26.43% in year one, and rental yield is 9.33% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 137.6% and total cumulative return in cash sums $63,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,081/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
6,534 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
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Listed by: Susan Jenkins • Better Homes & Gdns Ntv Am Grp
Mls Name: REIN Inc.
Mls ID: #10604817