3141 Riveredge 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
Rental property for sale in Portsmouth at 3141 Riveredge Dr, Portsmouth, VA, 23703 generates $3,304/mo in rent, after a $3,059/mo payment. Total monthly income is $3,304/mo. Return on cash invested sits at 17.54% in year one, and rental yield is 6.34% on a $624,999 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 89.81% and total cumulative return in cash sums $184,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,304/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
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
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Listed by: James Irwin • World Class Realty
Mls Name: REIN Inc.
Mls ID: #10607423