203 Tabbs LnNewport 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 203 Tabbs Ln, Newport News, VA, 23602 priced at $365,000 converts $2,975/mo rent into $794/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,975/mo, and annual cash flow totals $9,523/yr on $120,998 invested. Return on cash invested prints 27.78% in year one, and rental yield reads 9.78% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 144.77% and total cumulative return in cash sums $175,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,975/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1976
N/A 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: Melissa Guthrie • Garrett Realty Partners
Mls Name: REIN Inc.
Mls ID: #10603295