3609 Wright RdPortsmouthVA23703
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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 3609 Wright Rd, Portsmouth, VA, 23703 earns from $2,088/mo rent with a $1,933/mo payment. Total monthly income totals $2,088/mo. ROI tracks 17.41% on current figures, and rental yield reads 6.34% at a $394,900 purchase. Equity gained on principal adds $2,548/yr, and 5% annual appreciation supports $109,104 over five years. Five-year ROI reaches 89.18% and total cumulative return in cash sums $116,747. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,088/mo property income instead of your personal income.
Single Family
Built in 1955
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: Timothy Hayes • Swell Realty Co
Mls Name: REIN Inc.
Mls ID: #10599302