308 Mattox Dr, Newport News, VA, 23601 | $284/mo Cash Flow

For Sale

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 Mattox Dr, Newport News, VA, 23601 offers a 8.46% rental yield on a $265,000 purchase with $1,868/mo rent. Total monthly income registers $1,868/mo, and a $1,297/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,407/yr on $87,848 to close, and return on cash invested stands at 23.79% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 123.35% and total cumulative return in cash at $108,363. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,868/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

0.27 Acres lot

$N/A/sqft

No HOA