824 Palmer StPortsmouthVA23704
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Nearby investment properties with comparable prices
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 824 Palmer St, Portsmouth, VA, 23704 at $287,500 posts ROI 29.8% with $786/mo cash flow from $2,504/mo rent. Total monthly income equals $2,504/mo, and annual cash flow records $9,426/yr on $95,306 to close. Return on cash invested measures 29.8% and rental yield reads 10.45% at the current $287,500. Equity gained on principal adds $1,855/yr, and 5% annual appreciation supports $79,431 by year five. Five-year ROI prints 155.61% and total cumulative return in cash totals $148,307.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,504/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
5,662 sqft 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: Nelson Vedia • World Class Realty
Mls Name: REIN Inc.
Mls ID: #10593294