257 Exeter RdNewport NewsVA23602
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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 257 Exeter Rd, Newport News, VA, 23602 earns $968/mo cash flow from $2,744/mo rent with a $1,454/mo payment. Total monthly income totals $2,744/mo, and annual cash flow totals $11,619/yr on $98,456 capital. ROI tracks 31.71% on current figures, and rental yield reads 11.09% at a $297,000 purchase. Equity gained on principal adds $1,916/yr, and 5% annual appreciation supports $82,056 over five years. Five-year ROI reaches 165.88% and total cumulative return in cash sums $163,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,744/mo property income instead of your personal income.
Single Family
Built in 1971
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23602, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,910 (100%) |
| Owner Occupied HU | 9,840 (52.0%) |
| Renter Occupied HU | 8,023 (42.4%) |
| Vacant Housing Units | 1,047 ( 5.5%) |
| Median Home Value | $321,359 |
| Average Home Value | $321,915 |
Housing Distribution
Address Breakdown
Residential
18,280
Single Family
16,019
Multi-Family
2,261
Businesses
939
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Listed by: Kathleen McKone • KW Allegiance
Mls Name: REIN Inc.
Mls ID: #10611016