215 Blair AveNewport NewsVA23607
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 215 Blair Ave, Newport News, VA, 23607 with 5% annual appreciation on a $100,000 basis while $760/mo rent supports operations. Total monthly income totals $760/mo and a $489/mo payment preserves $163/mo for cash returns. Annual cash flow comes to $1,952/yr on $33,150 deployed, and return on cash invested reaches 25.8% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.12%. Five-year ROI measures 134.2% and total cumulative return in cash totals $44,488.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $760/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23607, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,681 (100%) |
| Owner Occupied HU | 3,309 (31.0%) |
| Renter Occupied HU | 6,100 (57.1%) |
| Vacant Housing Units | 1,272 (11.9%) |
| Median Home Value | $182,143 |
| Average Home Value | $250,441 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
8,603
Multi-Family
1,406
Businesses
701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Smith • Stratus Realty LLC
Mls Name: REIN Inc.
Mls ID: #10616021