8 Cotton PlPortsmouthVA23702
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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 8 Cotton Pl, Portsmouth, VA, 23702 priced at $264,000 pairs $2,159/mo rent with $581/mo cash flow after a $1,292/mo payment. Total monthly income equals $2,159/mo, and annual cash flow comes to $6,972/yr on $87,516 invested. Return on cash invested is 27.88% in year one, and rental yield stands at 9.81% on a $264,000 basis. Equity gained on principal adds $1,704/yr, and 5% annual appreciation accumulates to $72,938 by year five. Five-year ROI measures 145.29% and total cumulative return in cash reaches $127,153. For financing, Ziffy Mortgage’s DSCR program evaluates $2,159/mo property income against a $1,292/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1918
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: Katie Burke • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10614568