342 Saunders DrPortsmouthVA23701
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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 342 Saunders Dr, Portsmouth, VA, 23701 priced at $399,000 converts $2,826/mo rent into $441/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,826/mo, and annual cash flow totals $5,289/yr on $132,269 invested. Return on cash invested prints 23.91% in year one, and rental yield reads 8.5% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 124% and total cumulative return in cash sums $164,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,826/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23701, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,673 (100%) |
| Owner Occupied HU | 6,746 (63.2%) |
| Renter Occupied HU | 3,208 (30.1%) |
| Vacant Housing Units | 719 ( 6.7%) |
| Median Home Value | $254,647 |
| Average Home Value | $292,797 |
Housing Distribution
Address Breakdown
Residential
10,572
Single Family
9,900
Multi-Family
672
Businesses
677
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Listed by: Erin Ward • Keller Williams Realty Twn Ctr
Mls Name: REIN Inc.
Mls ID: #10604845