477 Wyn DrNewport 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 477 Wyn Dr, Newport News, VA, 23608 priced at $290,000 converts $2,651/mo rent into $918/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,651/mo, and annual cash flow totals $11,014/yr on $96,135 invested. Return on cash invested prints 31.37% in year one, and rental yield reads 10.97% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 164% and total cumulative return in cash sums $157,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,651/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1987
7,405 sqft 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: Liz Abrams • Abrams Realty
Mls Name: REIN Inc.
Mls ID: #10599723