502 Spinnaker RdNewport 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
Investment property for sale in Newport News at 502 Spinnaker Rd, Newport News, VA, 23602 listed at $535,000 pairs $3,344/mo rent with a $2,619/mo payment to leave $145/mo cash flow. Total monthly income runs $3,344/mo, and annual cash flow reaches $1,745/yr on $176,015 cash to close. Return on cash invested measures 21.05% in year one, and rental yield registers 7.5% at a $535,000 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,811 by year five. Five-year ROI tracks 108.67% and total cumulative return in cash totals $191,272. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,344/mo property income relative to a $2,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.31 Acres 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: Vic Cabassa • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10616530