160 Delmar Ln APT BNewport 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
Rental property for sale in Newport News at 160 Delmar Ln APT B, Newport News, VA, 23602 priced at $145,000 converts $1,124/mo rent into after a $710/mo obligation. Total monthly income equals $1,124/mo. Return on cash invested prints 16.61% in year one, and rental yield reads 9.3% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 88.39% and total cumulative return in cash sums $42,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,124/mo property income covering a $710/mo payment, not borrower’s personal income.
Townhouse
Built in 1979
1,306 sqft lot
$N/A/sqft
$389 monthly 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: Mihaela Guy • NextGen Virginia Realty LLC
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10600671
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