1145 24th 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 1145 24th St, Newport News, VA, 23607 offers a 8.15% rental yield on a $212,500 purchase with $1,443/mo rent. Total monthly income registers $1,443/mo, and a $1,040/mo payment leaves $173/mo available for distribution. Annual cash flow reaches $2,073/yr on $70,444 to close, and return on cash invested stands at 22.85% in year one. Equity gained on principal adds $1,371/yr while 5% annual appreciation supports $58,710 over five years. Portfolio math shows five-year ROI at 118.37% and total cumulative return in cash at $83,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,443/mo property income against a $1,040/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
3,920 sqft 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: Don Tackett • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10608189