481 Lees Mill DrNewport NewsVA23608
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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 481 Lees Mill Dr, Newport News, VA, 23608 with 5% annual appreciation on a $220,000 basis while $2,119/mo rent supports operations. Total monthly income totals $2,119/mo and a $1,077/mo payment preserves $804/mo for cash returns. Annual cash flow comes to $9,644/yr on $72,930 deployed, and return on cash invested reaches 33.13% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 11.56%. Five-year ROI measures 173.49% and total cumulative return in cash totals $126,527.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,119/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1989
3,484 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
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Listed by: Hea Joo Kim • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10603504