1019 Melbourne St #8UG0DNNewport NewsVA23608
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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 1019 Melbourne St #8UG0DN, Newport News, VA, 23608 earns $1,201/mo cash flow from $3,992/mo rent with a $2,285/mo payment. Total monthly income totals $3,992/mo, and annual cash flow totals $14,416/yr on $154,744 capital. ROI tracks 29.22% on current figures, and rental yield reads 10.26% at a $466,800 purchase. Equity gained on principal adds $3,012/yr, and 5% annual appreciation supports $128,968 over five years. Five-year ROI reaches 152.54% and total cumulative return in cash sums $236,040. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,992/mo property income instead of your personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23608, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,508 (100%) |
| Owner Occupied HU | 9,411 (50.8%) |
| Renter Occupied HU | 7,799 (42.1%) |
| Vacant Housing Units | 1,298 ( 7.0%) |
| Median Home Value | $288,048 |
| Average Home Value | $288,522 |
Housing Distribution
Address Breakdown
Residential
18,806
Single Family
16,591
Multi-Family
2,215
Businesses
762
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