302 Avondale RdPortsmouthVA23701
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 302 Avondale Rd, Portsmouth, VA, 23701 at $295,000 posts ROI 20.6% with $56/mo cash flow from $1,820/mo rent. Total monthly income equals $1,820/mo, and annual cash flow records $677/yr on $97,793 to close. Return on cash invested measures 20.6% and rental yield reads 7.4% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 106.3% and total cumulative return in cash totals $103,958.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,820/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23701, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,673 (100%) |
| Owner Occupied HU | 6,746 (63.2%) |
| Renter Occupied HU | 3,208 (30.1%) |
| Vacant Housing Units | 719 ( 6.7%) |
| Median Home Value | $254,647 |
| Average Home Value | $292,797 |
Housing Distribution
Address Breakdown
Residential
10,572
Single Family
9,900
Multi-Family
672
Businesses
677
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Nearby investment properties with comparable prices
Listed by: Anthony Horner • Paragon Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10607080