212 Misty Point LnNewport 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
Investment property for sale in Newport News at 212 Misty Point Ln, Newport News, VA, 23603 with 5% annual appreciation on a $240,000 basis while $2,010/mo rent supports operations. Total monthly income totals $2,010/mo and a $1,175/mo payment preserves $575/mo for cash returns. Annual cash flow comes to $6,900/yr on $79,560 deployed, and return on cash invested reaches 28.58% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 10.05%. Five-year ROI measures 149.07% and total cumulative return in cash totals $118,598.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,010/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1985
N/A 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: Catherine Gorman • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10618121