723 Portsmouth AveBristolVA24201
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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 Bristol at 723 Portsmouth Ave, Bristol, VA, 24201 with 5% annual appreciation on a $203,999 basis while $1,637/mo rent supports operations. Total monthly income totals $1,637/mo and a $998/mo payment preserves $418/mo for cash returns. Annual cash flow comes to $5,016/yr on $67,626 deployed, and return on cash invested reaches 27.33% in year one. Equity gained on principal adds $1,316/yr, and five-year appreciation sums $56,361 alongside rental yield of 9.63%. Five-year ROI measures 142.32% and total cumulative return in cash totals $96,243.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,637/mo property income versus a $998/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1911
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24201, Bristol, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,233 (100%) |
| Owner Occupied HU | 4,485 (54.5%) |
| Renter Occupied HU | 2,808 (34.1%) |
| Vacant Housing Units | 940 (11.4%) |
| Median Home Value | $189,531 |
| Average Home Value | $333,558 |
Housing Distribution
Address Breakdown
Residential
8,028
Single Family
7,263
Multi-Family
765
Businesses
715
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