7 Mohican DrPortsmouthVA23701
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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 7 Mohican Dr, Portsmouth, VA, 23701 priced at $249,850 converts $1,979/mo rent into $485/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,979/mo, and annual cash flow totals $5,824/yr on $82,825 invested. Return on cash invested prints 26.94% in year one, and rental yield reads 9.5% against a $249,850 entry. Equity gained on principal adds $1,612/yr, while 5% annual appreciation compiles into $69,029 by year five. Five-year ROI reaches 140.3% and total cumulative return in cash sums $116,207. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,979/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1958
6,969 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: Nancy DellaTorre • Independent Realty Group LLC
Mls Name: REIN Inc.
Mls ID: #10608584