364 Rivers Ridge CirNewport 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
Rental property for sale in Newport News at 364 Rivers Ridge Cir, Newport News, VA, 23608 priced at $170,000 pairs $1,359/mo rent with $343/mo cash flow after a $832/mo payment. Total monthly income equals $1,359/mo, and annual cash flow comes to $4,114/yr on $56,355 invested. Return on cash invested is 27.21% in year one, and rental yield stands at 9.59% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 141.72% and total cumulative return in cash reaches $79,869. For financing, Ziffy Mortgage’s DSCR program evaluates $1,359/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1988
4,356 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: Carl Burt • Abbitt Realty Company LLC
Mls Name: REIN Inc.
Mls ID: #10606139