280 Serenity PlNewportVA24128
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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 at 280 Serenity Pl, Newport, VA, 24128 priced at $673,200 pairs $3,344/mo rent with after a $3,295/mo payment. Total monthly income equals $3,344/mo. Return on cash invested is 16.37% in year one, and rental yield stands at 5.96% on a $673,200 basis. Equity gained on principal adds $4,344/yr, and 5% annual appreciation accumulates to $185,993 by year five. Five-year ROI measures 83.57% and total cumulative return in cash reaches $185,102. For financing, Ziffy Mortgage’s DSCR program evaluates $3,344/mo property income against a $3,295/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
8.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24128, Newport, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 898 (100%) |
| Owner Occupied HU | 595 (66.3%) |
| Renter Occupied HU | 125 (13.9%) |
| Vacant Housing Units | 178 (19.8%) |
| Median Home Value | $311,146 |
| Average Home Value | $329,618 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
38
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Listed by: Samuel Linkenhoker • NextHome New River Valley
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424038
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.