One Crawford Pkwy #203PortsmouthVA23704
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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 One Crawford Pkwy #203, Portsmouth, VA, 23704 priced at $145,000 pairs $1,374/mo rent with $507/mo cash flow after a $710/mo payment. Total monthly income equals $1,374/mo, and annual cash flow comes to $6,083/yr on $48,068 invested. Return on cash invested is 32.56% in year one, and rental yield stands at 11.37% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 170.43% and total cumulative return in cash reaches $81,920. For financing, Ziffy Mortgage’s DSCR program evaluates $1,374/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1965
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: Michelle Knowles • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10610092