144 View Pointe DrNewport NewsVA23603
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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 144 View Pointe Dr, Newport News, VA, 23603 uses $124,313 cash to close to unlock $2,649/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $2,462/mo, and a $1,835/mo payment keeps the spread at $221/mo. Purchase price stands at $375,000, and rental yield measures 7.88% with $2,462/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 113.99% and total cumulative return in cash records $141,699. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,462/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1997
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23603, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 690 (38.9%) |
| Renter Occupied HU | 904 (51.0%) |
| Vacant Housing Units | 179 (10.1%) |
| Median Home Value | $340,093 |
| Average Home Value | $331,290 |
Housing Distribution
Address Breakdown
Residential
1,477
Single Family
787
Multi-Family
690
Businesses
99
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Listed by: Thomas McConnell • Keller Williams Town Center
Mls Name: REIN Inc.
Mls ID: #10615878