338 Nantucket Pl #338Newport NewsVA23606
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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 338 Nantucket Pl #338, Newport News, VA, 23606 uses $52,709 cash to close to unlock $9/yr annual cash flow and $1/mo monthly cash flow. Total monthly income runs $1,231/mo, and a $778/mo payment keeps the spread at $1/mo. Purchase price stands at $159,000, and rental yield measures 9.29% with $1,231/mo rent. Return on cash invested shows 19.93% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 105% and total cumulative return in cash records $55,344. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,231/mo property income covering a $778/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$280 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Sean Hyland • Kingsmill Realty, Inc.
Mls Name: WMLS
Mls Provider:
Mls ID: #2403308
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