1016 32nd StNewport NewsVA23607
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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
Investment property for sale in Newport News at 1016 32nd St, Newport News, VA, 23607 uses $66,267 cash to close to unlock $7,505/yr annual cash flow and $625/mo monthly cash flow. Total monthly income runs $1,820/mo, and a $978/mo payment keeps the spread at $625/mo. Purchase price stands at $199,900, and rental yield measures 10.93% with $1,820/mo rent. Return on cash invested shows 31.23% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 163.34% and total cumulative return in cash records $108,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,820/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23607, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,681 (100%) |
| Owner Occupied HU | 3,309 (31.0%) |
| Renter Occupied HU | 6,100 (57.1%) |
| Vacant Housing Units | 1,272 (11.9%) |
| Median Home Value | $182,143 |
| Average Home Value | $250,441 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
8,603
Multi-Family
1,406
Businesses
701
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Listed by: Cheryl Tomlin • Aweigh Real Estate VB
Mls Name: REIN Inc.
Mls ID: #10609791