409 Roosevelt BlvdPortsmouthVA23701
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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 409 Roosevelt Blvd, Portsmouth, VA, 23701 earns $613/mo cash flow from $2,248/mo rent with a $1,339/mo payment. Total monthly income totals $2,248/mo, and annual cash flow totals $7,353/yr on $90,665 capital. ROI tracks 28.02% on current figures, and rental yield reads 9.86% at a $273,500 purchase. Equity gained on principal adds $1,765/yr, and 5% annual appreciation supports $75,563 over five years. Five-year ROI reaches 146.06% and total cumulative return in cash sums $132,428. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,248/mo property income instead of your personal income.
Single Family
Built in 1958
N/A 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: Anthony Horner • Paragon Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10599057