219 Larissa DrNewport NewsVA23601
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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 219 Larissa Dr, Newport News, VA, 23601 priced at $206,000 pairs $2,012/mo rent with $675/mo cash flow after a $1,008/mo payment. Total monthly income equals $2,012/mo, and annual cash flow comes to $8,103/yr on $68,289 invested. Return on cash invested is 31.77% in year one, and rental yield stands at 11.72% on a $206,000 basis. Equity gained on principal adds $1,329/yr, and 5% annual appreciation accumulates to $56,914 by year five. Five-year ROI measures 166.91% and total cumulative return in cash reaches $113,984. For financing, Ziffy Mortgage’s DSCR program evaluates $2,012/mo property income against a $1,008/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: Mike Hogan • The Hogan Group Real Estate
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2517475
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.