1151 18th 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
Rental property for sale in Newport News at 1151 18th St, Newport News, VA, 23607 generates $1,108/mo in rent and, after a $685/mo payment, leaves $271/mo in cash flow. Total monthly income is $1,108/mo, and annual cash flow is $3,256/yr on $46,410 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 9.5% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 140.24% and total cumulative return in cash sums $65,086. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,108/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
N/A 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: Kieshaun Farmer • ONYX Realty Professionals LLC
Mls Name: REIN Inc.
Mls ID: #10614174