13 Roffman PlNewport NewsVA23602
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
Investment property for sale in Newport News at 13 Roffman Pl, Newport News, VA, 23602 at $215,000 posts ROI 31.09% with $664/mo cash flow from $1,949/mo rent. Total monthly income equals $1,949/mo, and annual cash flow records $7,969/yr on $71,273 to close. Return on cash invested measures 31.09% and rental yield reads 10.88% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 162.59% and total cumulative return in cash totals $115,885.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,949/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23602, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,910 (100%) |
| Owner Occupied HU | 9,840 (52.0%) |
| Renter Occupied HU | 8,023 (42.4%) |
| Vacant Housing Units | 1,047 ( 5.5%) |
| Median Home Value | $321,359 |
| Average Home Value | $321,915 |
Housing Distribution
Address Breakdown
Residential
18,280
Single Family
16,019
Multi-Family
2,261
Businesses
939
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Listed by: Marketa Kirts • KW Allegiance
Mls Name: REIN Inc.
Mls ID: #10593715