204 Bridgewater DrNewport NewsVA23603
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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 204 Bridgewater Dr, Newport News, VA, 23603 generates $1,454/mo in rent and, after a $1,027/mo payment, leaves $200/mo in cash flow. Total monthly income is $1,454/mo, and annual cash flow is $2,395/yr on $69,582 invested. Return on cash invested sits at 23.35% in year one, and rental yield is 8.31% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 121.04% and total cumulative return in cash sums $84,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,454/mo property income rather than buyer’s personal income.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23603, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 690 (38.9%) |
| Renter Occupied HU | 904 (51.0%) |
| Vacant Housing Units | 179 (10.1%) |
| Median Home Value | $340,093 |
| Average Home Value | $331,290 |
Housing Distribution
Address Breakdown
Residential
1,477
Single Family
787
Multi-Family
690
Businesses
99
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Listed by: Kyle Hause • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10609483