304 Circuit Ln UNIT BNewport NewsVA23608
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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 304 Circuit Ln UNIT B, Newport News, VA, 23608 generates $1,465/mo in rent and, after a $1,028/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,465/mo, and annual cash flow is $2,514/yr on $69,615 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 8.37% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 121.94% and total cumulative return in cash sums $84,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,465/mo property income rather than buyer’s personal income.
Townhouse
Built in 1985
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23608, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,508 (100%) |
| Owner Occupied HU | 9,411 (50.8%) |
| Renter Occupied HU | 7,799 (42.1%) |
| Vacant Housing Units | 1,298 ( 7.0%) |
| Median Home Value | $288,048 |
| Average Home Value | $288,522 |
Housing Distribution
Address Breakdown
Residential
18,806
Single Family
16,591
Multi-Family
2,215
Businesses
762
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Listed by: Tara Reichardt • Abbitt Realty Company LLC
Mls Name: REIN Inc.
Mls ID: #10615142