202 Tower LnNewport NewsVA23608
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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 202 Tower Ln, Newport News, VA, 23608 at $310,000 posts ROI 27.33% with $635/mo cash flow from $2,488/mo rent. Total monthly income equals $2,488/mo, and annual cash flow records $7,622/yr on $102,765 to close. Return on cash invested measures 27.33% and rental yield reads 9.63% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 142.36% and total cumulative return in cash totals $146,299.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,488/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23608, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,508 (100%) |
| Owner Occupied HU | 9,411 (50.8%) |
| Renter Occupied HU | 7,799 (42.1%) |
| Vacant Housing Units | 1,298 ( 7.0%) |
| Median Home Value | $288,048 |
| Average Home Value | $288,522 |
Housing Distribution
Address Breakdown
Residential
18,806
Single Family
16,591
Multi-Family
2,215
Businesses
762
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Listed by: Meredith Branch • 1st Class Real Estate Reserve
Mls Name: REIN Inc.
Mls ID: #10593598