3402 Monroe StPortsmouthVA23703
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
Investment property for sale in Portsmouth at 3402 Monroe St, Portsmouth, VA, 23703 earns $593/mo cash flow from $2,147/mo rent with a $1,272/mo payment. Total monthly income totals $2,147/mo, and annual cash flow totals $7,121/yr on $86,157 capital. ROI tracks 28.17% on current figures, and rental yield reads 9.91% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 146.91% and total cumulative return in cash sums $126,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,147/mo property income instead of your personal income.
Single Family
Built in 1956
6,534 sqft 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: Tom Benvenuto • Swell Realty Co
Mls Name: REIN Inc.
Mls ID: #10594566