16 Bonita DrNewport 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
Rental property for sale in Newport News at 16 Bonita Dr, Newport News, VA, 23602 priced at $325,000 converts $2,476/mo rent into $511/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,476/mo, and annual cash flow totals $6,128/yr on $107,738 invested. Return on cash invested prints 25.6% in year one, and rental yield reads 9.14% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 133.16% and total cumulative return in cash sums $143,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,476/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.29 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dane Gibson • Hometown Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2425684
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.