3954 Palomino Dr APT 103Newport 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 3954 Palomino Dr APT 103, Newport News, VA, 23602 offers a 9.46% rental yield on a $145,000 purchase with $1,143/mo rent. Total monthly income registers $1,143/mo, and a $710/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $11/yr on $48,068 to close, and return on cash invested stands at 19.93% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 105.17% and total cumulative return in cash at $50,552. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,143/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
$275 monthly 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: Antwjuan Lewis • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10598117
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