35 Alden AvePortsmouthVA23702
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 35 Alden Ave, Portsmouth, VA, 23702 listed at $265,000 pairs $2,393/mo rent with a $1,297/mo payment to leave $809/mo cash flow. Total monthly income runs $2,393/mo, and annual cash flow reaches $9,707/yr on $87,848 cash to close. Return on cash invested measures 30.96% in year one, and rental yield registers 10.84% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 161.81% and total cumulative return in cash totals $142,143. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,393/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23702, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,388 (100%) |
| Owner Occupied HU | 2,398 (44.5%) |
| Renter Occupied HU | 2,518 (46.7%) |
| Vacant Housing Units | 472 ( 8.8%) |
| Median Home Value | $233,818 |
| Average Home Value | $252,204 |
Housing Distribution
Address Breakdown
Residential
5,091
Single Family
4,806
Multi-Family
285
Businesses
254
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Caver • RE/MAX Allegiance
Mls Name: REIN Inc.
Mls ID: #10608810