374 Circuit Ln UNIT BNewport NewsVA23608
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 374 Circuit Ln UNIT B, Newport News, VA, 23608 at $215,000 posts ROI 24.25% with $258/mo cash flow from $1,543/mo rent. Total monthly income equals $1,543/mo, and annual cash flow records $3,097/yr on $71,273 to close. Return on cash invested measures 24.25% and rental yield reads 8.61% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 125.94% and total cumulative return in cash totals $89,761.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,543/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1987
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: Joseph Mai • Home Sold Express
Mls Name: REIN Inc.
Mls ID: #10594857