222 Bridgewater DrNewport 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
Rental property for sale in Newport News at 222 Bridgewater Dr, Newport News, VA, 23603 priced at $180,000 converts $1,430/mo rent into $354/mo cash flow after a $881/mo obligation. Total monthly income equals $1,430/mo, and annual cash flow totals $4,248/yr on $59,670 invested. Return on cash invested prints 27.03% in year one, and rental yield reads 9.53% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 140.72% and total cumulative return in cash sums $83,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,430/mo property income covering a $881/mo payment, not borrower’s personal income.
Townhouse
Built in 1986
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: Keesha Wells-Croom • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10610992