605 Fairview LnPortsmouthVA23702
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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 605 Fairview Ln, Portsmouth, VA, 23702 generates $2,183/mo in rent and, after a $1,174/mo payment, leaves $749/mo in cash flow. Total monthly income is $2,183/mo, and annual cash flow is $8,989/yr on $79,527 invested. Return on cash invested sits at 31.21% in year one, and rental yield is 10.92% on a $239,899 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 163.21% and total cumulative return in cash sums $129,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1943
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23702, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,388 (100%) |
| Owner Occupied HU | 2,398 (44.5%) |
| Renter Occupied HU | 2,518 (46.7%) |
| Vacant Housing Units | 472 ( 8.8%) |
| Median Home Value | $233,818 |
| Average Home Value | $252,204 |
Housing Distribution
Address Breakdown
Residential
5,091
Single Family
4,806
Multi-Family
285
Businesses
254
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Listed by: Ryan Fleming • COVA Home Realty
Mls Name: REIN Inc.
Mls ID: #10609775