230 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 230 Bridgewater Dr, Newport News, VA, 23603 priced at $213,900 converts $1,512/mo rent into after a $1,047/mo obligation. Total monthly income equals $1,512/mo. Return on cash invested prints 18.45% in year one, and rental yield reads 8.48% against a $213,900 entry. Equity gained on principal adds $1,380/yr, while 5% annual appreciation compiles into $59,097 by year five. Five-year ROI reaches 96.71% and total cumulative return in cash sums $68,572. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,512/mo property income covering a $1,047/mo payment, not borrower’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$295 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: Cassandra Krah • Holloway Experience Real Est.
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10556891
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