600 Phillips AvePortsmouthVA23707
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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 600 Phillips Ave, Portsmouth, VA, 23707 earns $254/mo cash flow from $2,107/mo rent with a $1,517/mo payment. Total monthly income totals $2,107/mo, and annual cash flow totals $3,050/yr on $102,765 capital. ROI tracks 22.88% on current figures, and rental yield reads 8.16% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 118.52% and total cumulative return in cash sums $121,795. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,107/mo property income instead of your personal income.
Single Family
Built in 1960
5,227 sqft 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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