837 Cambridge 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 837 Cambridge Ave, Portsmouth, VA, 23707 priced at $300,000 pairs $2,329/mo rent with $536/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,329/mo, and annual cash flow comes to $6,432/yr on $99,450 invested. Return on cash invested is 26.38% in year one, and rental yield stands at 9.32% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 137.24% and total cumulative return in cash reaches $136,488. For financing, Ziffy Mortgage’s DSCR program evaluates $2,329/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
7,405 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: Renee Betz • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10592167