1216 Springwell PlNewport NewsVA23608
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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 1216 Springwell Pl, Newport News, VA, 23608 offers a 8.42% rental yield on a $394,900 purchase with $2,770/mo rent. Total monthly income registers $2,770/mo, and a $1,933/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,910/yr on $130,909 to close, and return on cash invested stands at 23.66% in year one. Equity gained on principal adds $2,548/yr while 5% annual appreciation supports $109,104 over five years. Portfolio math shows five-year ROI at 122.7% and total cumulative return in cash at $160,631. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,770/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23608, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,508 (100%) |
| Owner Occupied HU | 9,411 (50.8%) |
| Renter Occupied HU | 7,799 (42.1%) |
| Vacant Housing Units | 1,298 ( 7.0%) |
| Median Home Value | $288,048 |
| Average Home Value | $288,522 |
Housing Distribution
Address Breakdown
Residential
18,806
Single Family
16,591
Multi-Family
2,215
Businesses
762
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Listed by: Michael Daugherty • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10592679