1612 Oak AveNewport NewsVA23607
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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 1612 Oak Ave, Newport News, VA, 23607 uses $77,836 cash to close to unlock $8,516/yr annual cash flow and $710/mo monthly cash flow. Total monthly income runs $2,159/mo, and a $1,149/mo payment keeps the spread at $710/mo. Purchase price stands at $234,800, and rental yield measures 11.03% with $2,159/mo rent. Return on cash invested shows 30.85% in year one, and 5% annual appreciation builds toward $64,871 over five years. Five-year ROI reaches 161.53% and total cumulative return in cash records $125,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,159/mo property income covering a $1,149/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23607, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,681 (100%) |
| Owner Occupied HU | 3,309 (31.0%) |
| Renter Occupied HU | 6,100 (57.1%) |
| Vacant Housing Units | 1,272 (11.9%) |
| Median Home Value | $182,143 |
| Average Home Value | $250,441 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
8,603
Multi-Family
1,406
Businesses
701
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A