5 Kearney WayPortsmouthVA23701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5 Kearney Way, Portsmouth, VA, 23701 uses $81,218 cash to close to unlock $3,379/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,746/mo, and a $1,199/mo payment keeps the spread at $282/mo. Purchase price stands at $245,000, and rental yield measures 8.55% with $1,746/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 124.89% and total cumulative return in cash records $101,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,746/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1941
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adriane Muncher • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10609724