218 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 218 Misty Point Ln, Newport News, VA, 23603 at $215,000 posts ROI 23.83% with $233/mo cash flow from $1,518/mo rent. Total monthly income equals $1,518/mo, and annual cash flow records $2,797/yr on $71,273 to close. Return on cash invested measures 23.83% and rental yield reads 8.47% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 123.67% and total cumulative return in cash totals $88,141.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,518/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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: Catrina Purvis • Purvis Realty Group, LLC.
Mls Name: Bright MLS
Mls ID: #VANN2000108