31 Lantern WayPortsmouthVA23703
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 31 Lantern Way, Portsmouth, VA, 23703 priced at $280,000 pairs $2,395/mo rent with $722/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,395/mo, and annual cash flow comes to $8,660/yr on $92,820 invested. Return on cash invested is 29.24% in year one, and rental yield stands at 10.26% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 152.6% and total cumulative return in cash reaches $141,645. For financing, Ziffy Mortgage’s DSCR program evaluates $2,395/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23703, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,410 (100%) |
| Owner Occupied HU | 7,264 (63.7%) |
| Renter Occupied HU | 3,500 (30.7%) |
| Vacant Housing Units | 646 ( 5.7%) |
| Median Home Value | $302,766 |
| Average Home Value | $328,834 |
Housing Distribution
Address Breakdown
Residential
10,860
Single Family
10,202
Multi-Family
658
Businesses
441
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Coleman • Swell Realty Co
Mls Name: REIN Inc.
Mls ID: #10612107