65 Harris RdPortsmouthVA23702
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 65 Harris Rd, Portsmouth, VA, 23702 in Portsmouth earns a 9.45% gross yield at $171,000. Rent of $1,347/mo nets $325/mo after the $769/mo mortgage. The 1.75 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $47,244 and $1,575/yr in equity accumulation project a total cumulative return of $85,588.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.2% |
| Monthly Cash Flow | $325 | $1,850 |
City averages based on Portsmouth market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,347 |
| Total Monthly Debt Service | $954 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1934
7,405 sqft 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
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
Single Family
Built in 1934
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan Melvin • Benham Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10614888