309 Pointe Ct, Newport News, VA, 23601 | $724/mo Cash Flow

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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

Rental property for sale in Newport News at 309 Pointe Ct, Newport News, VA, 23601 priced at $292,000 converts $2,520/mo rent into $724/mo cash flow after a $1,429/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $8,686/yr on $96,798 invested. Return on cash invested prints 28.88% in year one, and rental yield reads 10.36% against a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,674 by year five. Five-year ROI reaches 150.9% and total cumulative return in cash sums $146,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,429/mo payment, not borrower’s personal income.

Single Family

Built in 2001

N/A lot

$N/A/sqft

No HOA