4 beds 3 baths in Portsmouth, VA

  • $29,400
  • $1,715$290,400
114 Aylwin Rd, Portsmouth, VA, USA
4 beds 3 baths in Portsmouth, VA
114 Aylwin Rd, Portsmouth, VA, USA
  • $29,400
  • $1,715$290,400

Description

Unlock the potential of this turnkey Subto opportunity located in Portsmouth, VA. This charming property, built in 1941, features 4 bedrooms and 3 bathrooms spread across 1,309 square feet, nestled on a 5,227 square foot lot. The home is being offered at a total purchase price of $290,400, with a current mortgage balance of $260,910.03. The mortgage comes with an appealing interest rate of 3.875% and matures in February 2052, ensuring stable, long-term financing without the worry of a balloon payment.

This investment is tailored for versatility in rental strategies, boasting potential rental incomes ranging from $2,000 to $2,200 for long-term rentals, $2,800 to $3,100 for mid-term rentals, and over $3,500 for short-term rentals. Such flexibility allows you to maximize your investment according to market conditions and your financial strategy.

The entry fee is set at $29,400, plus closing costs and transaction costs, with a non-refundable earnest money deposit of $5,000 required to secure the deal. Closing is scheduled for April 30, 2024. Whether you’re looking to engage in long-term, mid-term, or short-term rental opportunities, this property provides an excellent foundation for a profitable real estate venture in a desirable Portsmouth location.

Details

Property ID
SPSP-17955
Bedrooms
4
Bathrooms
3
Garage
1
Year Built
1941
Entry Cost ($)
29400
APR (%)
3.875
PITI ($)
1715
Balance ($)
260910
Updated on July 6, 2024 at 6:56 pm

Address

  • Address 114 Aylwin Rd
  • State/Province Virginia
  • Zip/Postal Code 23702

Contact Information

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