507 Michael Irvin 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
Investment property for sale in Newport News at 507 Michael Irvin Dr, Newport News, VA, 23608 with 5% annual appreciation on a $235,000 basis while $2,284/mo rent supports operations. Total monthly income totals $2,284/mo and a $1,150/mo payment preserves $879/mo for cash returns. Annual cash flow comes to $10,553/yr on $77,903 deployed, and return on cash invested reaches 33.46% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 11.66%. Five-year ROI measures 175.24% and total cumulative return in cash totals $136,516.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,284/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
8,276 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: Michelle Handy • Heaven Sent Realty LLC
Mls Name: REIN Inc.
Mls ID: #10615853