412 West RdPortsmouthVA23707
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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 412 West Rd, Portsmouth, VA, 23707 offers $2,695/mo rent that, after a $2,080/mo payment, leaves $155/mo cash flow. Total monthly income is $2,695/mo, and annual cash flow is $1,856/yr on $140,854 cash. Return on cash invested measures 21.23% in year one, and rental yield stands at 7.61% at a $424,900 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,392 by year five. Five-year ROI records 109.63% and total cumulative return in cash reaches $154,425. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,695/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23707, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,731 (100%) |
| Owner Occupied HU | 3,208 (47.7%) |
| Renter Occupied HU | 2,820 (41.9%) |
| Vacant Housing Units | 703 (10.4%) |
| Median Home Value | $254,667 |
| Average Home Value | $280,450 |
Housing Distribution
Address Breakdown
Residential
6,476
Single Family
5,962
Multi-Family
514
Businesses
555
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Listed by: Marcella Montagna • CoastalVA Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10614529