348 Pear Ridge CirNewport NewsVA23602
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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 348 Pear Ridge Cir, Newport News, VA, 23602 earns $675/mo cash flow from $2,080/mo rent with a $1,150/mo payment. Total monthly income totals $2,080/mo, and annual cash flow totals $8,105/yr on $77,903 capital. ROI tracks 30.31% on current figures, and rental yield reads 10.62% at a $235,000 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 over five years. Five-year ROI reaches 158.39% and total cumulative return in cash sums $123,388. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,080/mo property income instead of your personal income.
Single Family
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23602, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,910 (100%) |
| Owner Occupied HU | 9,840 (52.0%) |
| Renter Occupied HU | 8,023 (42.4%) |
| Vacant Housing Units | 1,047 ( 5.5%) |
| Median Home Value | $321,359 |
| Average Home Value | $321,915 |
Housing Distribution
Address Breakdown
Residential
18,280
Single Family
16,019
Multi-Family
2,261
Businesses
939
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Listed by: Whitney Rodgers • Mission Realty Group LLC
Mls Name: REIN Inc.
Mls ID: #10615321