3696 Towne Point Rd #APortsmouthVA23703
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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
Rental property for sale in Portsmouth at 3696 Towne Point Rd #A, Portsmouth, VA, 23703 generates $1,127/mo in rent and, after a $734/mo payment, leaves $231/mo in cash flow. Total monthly income is $1,127/mo, and annual cash flow is $2,767/yr on $49,692 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.02% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 132.45% and total cumulative return in cash sums $65,819. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,127/mo property income rather than buyer’s personal income.
Condo
Built in 1988
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: David Pellerin • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10614525