618 Potomac AvePortsmouthVA23707
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 618 Potomac Ave, Portsmouth, VA, 23707 at $420,900 posts ROI 21.75% with $214/mo cash flow from $2,730/mo rent. Total monthly income equals $2,730/mo, and annual cash flow records $2,568/yr on $139,528 to close. Return on cash invested measures 21.75% and rental yield reads 7.78% at the current $420,900. Equity gained on principal adds $2,716/yr, and 5% annual appreciation supports $116,287 by year five. Five-year ROI prints 112.47% and total cumulative return in cash totals $156,926.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,730/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marcella Montagna • CoastalVA Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10603494