507 Alpine RdNewportVA24128
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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 507 Alpine Rd, Newport, VA, 24128 listed at $595,400 pairs $3,427/mo rent with a $2,914/mo payment. Total monthly income runs $3,427/mo. Return on cash invested measures 19.25% in year one, and rental yield registers 6.91% at a $595,400 basis. Equity gained on principal adds $3,842/yr, and annual property appreciation at 5% supports $164,498 by year five. Five-year ROI tracks 99% and total cumulative return in cash totals $193,927. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,427/mo property income relative to a $2,914/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
7.11 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: Mike Weber • Long & Foster - Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #422126
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.