408 Newport News AveHamptonVA23669
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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 Hampton at 408 Newport News Ave, Hampton, VA, 23669 priced at $235,000 converts $1,600/mo rent into $195/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,600/mo, and annual cash flow totals $2,345/yr on $77,903 invested. Return on cash invested prints 22.92% in year one, and rental yield reads 8.17% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 118.74% and total cumulative return in cash sums $92,500. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,600/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1920
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23669, Hampton, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,491 (100%) |
| Owner Occupied HU | 10,118 (54.7%) |
| Renter Occupied HU | 7,002 (37.9%) |
| Vacant Housing Units | 1,371 ( 7.4%) |
| Median Home Value | $283,061 |
| Average Home Value | $305,229 |
Housing Distribution
Address Breakdown
Residential
17,739
Single Family
15,766
Multi-Family
1,973
Businesses
777
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