3307 Monroe StPortsmouthVA23703
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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 3307 Monroe St, Portsmouth, VA, 23703 uses $94,478 cash to close to unlock $11,619/yr annual cash flow and $968/mo monthly cash flow. Total monthly income runs $2,672/mo, and a $1,395/mo payment keeps the spread at $968/mo. Purchase price stands at $285,000, and rental yield measures 11.25% with $2,672/mo rent. Return on cash invested shows 32.21% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 168.54% and total cumulative return in cash records $159,234. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,672/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1930
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: Nicole Glocker • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10615836