3 Penn Cir APT DNewport NewsVA23606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3 Penn Cir APT D, Newport News, VA, 23606 listed at $199,900 pairs $1,599/mo rent with a $978/mo payment to leave $404/mo cash flow. Total monthly income runs $1,599/mo, and annual cash flow reaches $4,853/yr on $66,267 cash to close. Return on cash invested measures 27.23% in year one, and rental yield registers 9.6% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 141.88% and total cumulative return in cash totals $94,021. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,599/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1983
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edwin Rodriguez • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10594261