308 Charleston Way, Newport News, VA, 23606 | $94/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newport News at 308 Charleston Way, Newport News, VA, 23606 offers a 8.39% rental yield on a $322,100 purchase with $2,251/mo rent. Total monthly income registers $2,251/mo, and a $1,577/mo payment leaves $94/mo available for distribution. Annual cash flow reaches $1,126/yr on $106,776 to close, and return on cash invested stands at 20.96% in year one. Equity gained on principal adds $2,078/yr while 5% annual appreciation supports $88,990 over five years. Portfolio math shows five-year ROI at 109.16% and total cumulative return in cash at $116,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,251/mo property income against a $1,577/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1998

2,178 sqft lot

$N/A/sqft

$130 monthly HOA