307 Constitution 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
Rental property for sale in Portsmouth at 307 Constitution Ave, Portsmouth, VA, 23704 priced at $199,900 pairs $1,903/mo rent with $708/mo cash flow after a $978/mo payment. Total monthly income equals $1,903/mo, and annual cash flow comes to $8,501/yr on $66,267 invested. Return on cash invested is 32.74% in year one, and rental yield stands at 11.42% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 171.42% and total cumulative return in cash reaches $113,593. For financing, Ziffy Mortgage’s DSCR program evaluates $1,903/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1932
3,920 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: Tonya Simpson-Feamster • Southside Real Estate
Mls Name: REIN Inc.
Mls ID: #10614882