823 Mount Vernon AvePortsmouthVA23707
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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 823 Mount Vernon Ave, Portsmouth, VA, 23707 generates $1,765/mo in rent, after a $1,468/mo payment. Total monthly income is $1,765/mo. Return on cash invested sits at 19.57% in year one, and rental yield is 7.06% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 100.74% and total cumulative return in cash sums $100,188. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,765/mo property income rather than buyer’s personal income.
Multi Family
Built in 1907
5,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23707, Portsmouth, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,731 (100%) |
| Owner Occupied HU | 3,208 (47.7%) |
| Renter Occupied HU | 2,820 (41.9%) |
| Vacant Housing Units | 703 (10.4%) |
| Median Home Value | $254,667 |
| Average Home Value | $280,450 |
Housing Distribution
Address Breakdown
Residential
6,476
Single Family
5,962
Multi-Family
514
Businesses
555
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Listed by: Kenneth Foster • COVA Home Realty
Mls Name: REIN Inc.
Mls ID: #10603436