113 Inland View DrNewport NewsVA23603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 113 Inland View Dr, Newport News, VA, 23603 priced at $230,000 pairs $2,214/mo rent with $520/mo cash flow after a $1,126/mo payment. Total monthly income equals $2,214/mo, and annual cash flow comes to $6,234/yr on $76,245 invested. Return on cash invested is 28.09% in year one, and rental yield stands at 11.55% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 148.27% and total cumulative return in cash reaches $113,047. For financing, Ziffy Mortgage’s DSCR program evaluates $2,214/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
4,791 sqft lot
$N/A/sqft
$299 monthly 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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Nearby investment properties with comparable prices
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