384 Mohea 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 384 Mohea Cir, Newport News, VA, 23602 uses $104,389 cash to close to unlock $754/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $1,945/mo, and a $1,541/mo payment keeps the spread at $63/mo. Purchase price stands at $314,900, and rental yield measures 7.41% with $1,945/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 106.43% and total cumulative return in cash records $111,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,945/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,712 sqft 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: Kyle Hause • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10611678