314 Oak Ridge DrNewport NewsVA23603
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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
Investment property for sale in Newport News at 314 Oak Ridge Dr, Newport News, VA, 23603 listed at $400,000 pairs $3,035/mo rent with a $1,958/mo payment to leave $644/mo cash flow. Total monthly income runs $3,035/mo, and annual cash flow reaches $7,724/yr on $132,600 cash to close. Return on cash invested measures 25.73% in year one, and rental yield registers 9.11% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 133.8% and total cumulative return in cash totals $177,424. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,035/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23603, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,773 (100%) |
| Owner Occupied HU | 690 (38.9%) |
| Renter Occupied HU | 904 (51.0%) |
| Vacant Housing Units | 179 (10.1%) |
| Median Home Value | $340,093 |
| Average Home Value | $331,290 |
Housing Distribution
Address Breakdown
Residential
1,477
Single Family
787
Multi-Family
690
Businesses
99
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Listed by: Lisa Remington • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10604875