357 Circuit LnNewport NewsVA23608
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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 357 Circuit Ln, Newport News, VA, 23608 uses $69,582 cash to close to unlock $9,144/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $2,036/mo, and a $1,027/mo payment keeps the spread at $762/mo. Purchase price stands at $209,900, and rental yield measures 11.64% with $2,036/mo rent. Return on cash invested shows 33.05% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 173.21% and total cumulative return in cash records $120,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,036/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Multi Family
Built in 1990
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23608, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,508 (100%) |
| Owner Occupied HU | 9,411 (50.8%) |
| Renter Occupied HU | 7,799 (42.1%) |
| Vacant Housing Units | 1,298 ( 7.0%) |
| Median Home Value | $288,048 |
| Average Home Value | $288,522 |
Housing Distribution
Address Breakdown
Residential
18,806
Single Family
16,591
Multi-Family
2,215
Businesses
762
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Listed by: Kyle Hause • Long & Foster - James River
Mls Name: Long & Foster Broker Feed
Mls Provider:
Mls ID: #2403385
Disclaimer: Listing information is deemed reliable, but not guaranteed.