486 Winding Way DrNewportVA24128
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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 at 486 Winding Way Dr, Newport, VA, 24128 offers a 13.9% rental yield on a $100,000 purchase with $1,158/mo rent. Total monthly income registers $1,158/mo, and a $489/mo payment leaves $561/mo available for distribution. Annual cash flow reaches $6,728/yr on $33,150 to close, and return on cash invested stands at 40.2% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 211.45% and total cumulative return in cash at $70,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,158/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24128, Newport, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 898 (100%) |
| Owner Occupied HU | 595 (66.3%) |
| Renter Occupied HU | 125 (13.9%) |
| Vacant Housing Units | 178 (19.8%) |
| Median Home Value | $311,146 |
| Average Home Value | $329,618 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
38
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Listed by: Wendy Brown • RE/MAX 8 - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #423863
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.