307 Mayflower RdPortsmouthVA23701
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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 307 Mayflower Rd, Portsmouth, VA, 23701 with 5% annual appreciation on a $349,900 basis while $2,675/mo rent supports operations. Total monthly income totals $2,675/mo and a $1,713/mo payment preserves $583/mo for cash returns. Annual cash flow comes to $6,995/yr on $115,992 deployed, and return on cash invested reaches 25.94% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 9.17%. Five-year ROI measures 134.91% and total cumulative return in cash totals $156,486.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,675/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.30 Acres 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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Listed by: Leslie Holthoff Martin • Fit Realty
Mls Name: REIN Inc.
Mls ID: #10597744