178 Colony RdNewport 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 178 Colony Rd, Newport News, VA, 23602 with 5% annual appreciation on a $270,000 basis while $2,344/mo rent supports operations. Total monthly income totals $2,344/mo and a $1,322/mo payment preserves $730/mo for cash returns. Annual cash flow comes to $8,754/yr on $89,505 deployed, and return on cash invested reaches 29.69% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 10.42%. Five-year ROI measures 155.04% and total cumulative return in cash totals $138,769.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,344/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
10,018 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: Cristen Treu • KW Allegiance
Mls Name: REIN Inc.
Mls ID: #10604638