426 London StPortsmouthVA23704
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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 426 London St, Portsmouth, VA, 23704 with 5% annual appreciation on a $318,000 basis while $2,035/mo rent supports operations. Total monthly income totals $2,035/mo and a $1,556/mo payment preserves $135/mo for cash returns. Annual cash flow comes to $1,614/yr on $105,417 deployed, and return on cash invested reaches 21.44% in year one. Equity gained on principal adds $2,052/yr, and five-year appreciation sums $87,858 alongside rental yield of 7.68%. Five-year ROI measures 110.78% and total cumulative return in cash totals $116,783.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,035/mo property income versus a $1,556/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23704, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,817 (100%) |
| Owner Occupied HU | 3,347 (34.1%) |
| Renter Occupied HU | 5,432 (55.3%) |
| Vacant Housing Units | 1,038 (10.6%) |
| Median Home Value | $234,119 |
| Average Home Value | $258,478 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
6,865
Multi-Family
2,165
Businesses
707
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Listed by: Carl Early • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10612462