813 Coolidge StPortsmouthVA23704
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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 Portsmouth at 813 Coolidge St, Portsmouth, VA, 23704 listed at $395,000 pairs $2,697/mo rent with a $1,933/mo payment to leave $336/mo cash flow. Total monthly income runs $2,697/mo, and annual cash flow reaches $4,033/yr on $130,943 cash to close. Return on cash invested measures 22.99% in year one, and rental yield registers 8.19% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 119.1% and total cumulative return in cash totals $155,958. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,697/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23704, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,817 (100%) |
| Owner Occupied HU | 3,347 (34.1%) |
| Renter Occupied HU | 5,432 (55.3%) |
| Vacant Housing Units | 1,038 (10.6%) |
| Median Home Value | $234,119 |
| Average Home Value | $258,478 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
6,865
Multi-Family
2,165
Businesses
707
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Listed by: Krystal Montgomery • Garrett Realty Partners
Mls Name: REIN Inc.
Mls ID: #10614378