1019 Melbourne St #EWBKSYNewport 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
Rental property for sale in Newport News at 1019 Melbourne St #EWBKSY, Newport News, VA, 23608 generates $3,335/mo in rent and, after a $1,886/mo payment, leaves $1,031/mo in cash flow. Total monthly income is $3,335/mo, and annual cash flow is $12,378/yr on $127,760 invested. Return on cash invested sits at 29.6% in year one, and rental yield is 10.38% on a $385,400 entry. Equity gained on principal adds $2,487/yr, while 5% annual appreciation builds toward $106,479 over five years. Five-year ROI reaches 154.54% and total cumulative return in cash sums $197,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,335/mo property income rather than buyer’s personal income.
Townhouse
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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Listed by: N/A • N/A
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