3130 Sterling Point DrPortsmouthVA23703
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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 3130 Sterling Point Dr, Portsmouth, VA, 23703 listed at $518,000 pairs $3,298/mo rent with a $2,535/mo payment to leave $202/mo cash flow. Total monthly income runs $3,298/mo, and annual cash flow reaches $2,422/yr on $170,422 cash to close. Return on cash invested measures 21.48% in year one, and rental yield registers 7.64% at a $518,000 basis. Equity gained on principal adds $3,343/yr, and annual property appreciation at 5% supports $143,114 by year five. Five-year ROI tracks 110.96% and total cumulative return in cash totals $189,103. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,298/mo property income relative to a $2,535/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.29 Acres 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
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Listed by: Ellen Smith-Johnson • COVA Home Realty
Mls Name: REIN Inc.
Mls ID: #10614226