436 Eastwood DrNewport 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
Rental property for sale in Newport News at 436 Eastwood Dr, Newport News, VA, 23602 priced at $279,997 pairs $2,227/mo rent with $554/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,227/mo, and annual cash flow comes to $6,644/yr on $92,819 invested. Return on cash invested is 27.07% in year one, and rental yield stands at 9.54% on a $279,997 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,358 by year five. Five-year ROI measures 140.97% and total cumulative return in cash reaches $130,844. For financing, Ziffy Mortgage’s DSCR program evaluates $2,227/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
N/A 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: Andy Gomez • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10605339