1510 Berkshire DrNewport NewsVA23602
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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 1510 Berkshire Dr, Newport News, VA, 23602 offers a 8.84% rental yield on a $385,000 purchase with $2,836/mo rent. Total monthly income registers $2,836/mo, and a $1,884/mo payment leaves $535/mo available for distribution. Annual cash flow reaches $6,419/yr on $127,628 to close, and return on cash invested stands at 24.94% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 129.52% and total cumulative return in cash at $165,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,836/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
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: Kelly Liedtke • AMW Real Estate Inc
Mls Name: REIN Inc.
Mls ID: #10613360