369 Lees Mill DrNewport 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 369 Lees Mill Dr, Newport News, VA, 23608 priced at $206,000 pairs $1,468/mo rent with $237/mo cash flow after a $1,008/mo payment. Total monthly income equals $1,468/mo, and annual cash flow comes to $2,842/yr on $68,289 invested. Return on cash invested is 24.07% in year one, and rental yield stands at 8.55% on a $206,000 basis. Equity gained on principal adds $1,329/yr, and 5% annual appreciation accumulates to $56,914 by year five. Five-year ROI measures 124.9% and total cumulative return in cash reaches $85,292. For financing, Ziffy Mortgage’s DSCR program evaluates $1,468/mo property income against a $1,008/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1988
3,484 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: Raynard Gibbs • Century Realty
Mls Name: REIN Inc.
Mls ID: #10591108