110 View Pointe DrNewport NewsVA23603
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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 110 View Pointe Dr, Newport News, VA, 23603 generates $2,959/mo in rent and, after a $1,860/mo payment, leaves $687/mo in cash flow. Total monthly income is $2,959/mo, and annual cash flow is $8,248/yr on $125,967 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 9.34% on a $379,990 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,984 over five years. Five-year ROI reaches 137.71% and total cumulative return in cash sums $173,469. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,959/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23603, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 690 (38.9%) |
| Renter Occupied HU | 904 (51.0%) |
| Vacant Housing Units | 179 (10.1%) |
| Median Home Value | $340,093 |
| Average Home Value | $331,290 |
Housing Distribution
Address Breakdown
Residential
1,477
Single Family
787
Multi-Family
690
Businesses
99
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Listed by: Terrie Branch • Coldwell Banker Premier
Mls Name: REIN Inc.
Mls ID: #10617179