55 Greeneland 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
Rental property for sale in Portsmouth at 55 Greeneland Blvd, Portsmouth, VA, 23701 offers $2,338/mo rent that, after a $1,233/mo payment, leaves $832/mo cash flow. Total monthly income is $2,338/mo, and annual cash flow is $9,984/yr on $83,538 cash. Return on cash invested measures 31.86% in year one, and rental yield stands at 11.13% at a $252,000 entry. Equity gained on principal adds $1,626/yr while 5% annual appreciation compounds into $69,623 by year five. Five-year ROI records 166.65% and total cumulative return in cash reaches $139,214. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,338/mo property income versus a $1,233/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,227 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
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Listed by: Jaclyn Scott • KW Coastal Virginia Chesapeake
Mls Name: REIN Inc.
Mls ID: #10608515