160 Delmar Ln APT ENewport 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 E, Newport News, VA, 23602 offers $1,155/mo rent that, after a $710/mo payment, leaves $288/mo cash flow. Total monthly income is $1,155/mo, and annual cash flow is $3,455/yr on $48,068 cash. Return on cash invested measures 27.1% in year one, and rental yield stands at 9.56% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 141.09% and total cumulative return in cash reaches $67,820. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,155/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
1,306 sqft 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: Mihaela Guy • NextGen Virginia Realty LLC
Mls Name: REIN Inc.
Mls ID: #10600862