4 Snidow BlvdNewport 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
Rental property for sale in Newport News at 4 Snidow Blvd, Newport News, VA, 23608 offers $2,328/mo rent that, after a $1,591/mo payment, leaves $385/mo cash flow. Total monthly income is $2,328/mo, and annual cash flow is $4,619/yr on $107,738 cash. Return on cash invested measures 24.2% in year one, and rental yield stands at 8.6% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 125.54% and total cumulative return in cash reaches $135,253. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,328/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.28 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tony McGee • LPT Realty LLC
Mls Name: REIN Inc.
Mls ID: #10612504