3841 Old Farm 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 3841 Old Farm Rd, Portsmouth, VA, 23703 uses $116,025 cash to close to unlock $9,598/yr annual cash flow and $800/mo monthly cash flow. Total monthly income runs $2,892/mo, and a $1,713/mo payment keeps the spread at $800/mo. Purchase price stands at $350,000, and rental yield measures 9.92% with $2,892/mo rent. Return on cash invested shows 28.18% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 146.92% and total cumulative return in cash records $170,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,892/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1974
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: Bethany White • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10614791