143 Michaela CirNewportVA24128
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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 at 143 Michaela Cir, Newport, VA, 24128 priced at $265,000 converts $1,748/mo rent into $164/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,748/mo, and annual cash flow totals $1,967/yr on $87,848 invested. Return on cash invested prints 22.15% in year one, and rental yield reads 7.92% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 114.57% and total cumulative return in cash sums $100,647. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,748/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1952
1.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24128, Newport, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 898 (100%) |
| Owner Occupied HU | 595 (66.3%) |
| Renter Occupied HU | 125 (13.9%) |
| Vacant Housing Units | 178 (19.8%) |
| Median Home Value | $311,146 |
| Average Home Value | $329,618 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
38
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Listed by: Nancy Phillips • Coldwell Banker Townside Bburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #421949
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