116 Latham DrNewport NewsVA23605
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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 116 Latham Dr, Newport News, VA, 23605 with 5% annual appreciation on a $187,500 basis while $1,420/mo rent supports operations. Total monthly income totals $1,420/mo and a $918/mo payment preserves $299/mo for cash returns. Annual cash flow comes to $3,586/yr on $62,156 deployed, and return on cash invested reaches 25.68% in year one. Equity gained on principal adds $1,210/yr, and five-year appreciation sums $51,803 alongside rental yield of 9.09%. Five-year ROI measures 133.49% and total cumulative return in cash totals $82,975.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,420/mo property income versus a $918/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23605, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,018 (100%) |
| Owner Occupied HU | 3,034 (43.2%) |
| Renter Occupied HU | 3,560 (50.7%) |
| Vacant Housing Units | 424 ( 6.0%) |
| Median Home Value | $250,947 |
| Average Home Value | $321,551 |
Housing Distribution
Address Breakdown
Residential
6,791
Single Family
5,736
Multi-Family
1,055
Businesses
407
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Listed by: Jeannette McCallum • Partners In Real Estate
Mls Name: REIN Inc.
Mls ID: #10608215