220 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 220 Misty Point Ln, Newport News, VA, 23603 uses $46,410 cash to close to unlock $11,200/yr annual cash flow and $933/mo monthly cash flow. Total monthly income runs $2,059/mo, and a $685/mo payment keeps the spread at $933/mo. Purchase price stands at $140,000, and rental yield measures 17.65% with $2,059/mo rent. Return on cash invested shows 44.04% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 234.77% and total cumulative return in cash records $108,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,059/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1985
5,227 sqft lot
$N/A/sqft
$289 monthly 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: Tara Ulysse • Hope Realty
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2528020
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.