56 Poplar AveNewport NewsVA23607
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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
Rental property for sale in Newport News at 56 Poplar Ave, Newport News, VA, 23607 priced at $199,900 converts $1,538/mo rent into $343/mo cash flow after a $978/mo obligation. Total monthly income equals $1,538/mo, and annual cash flow totals $4,121/yr on $66,267 invested. Return on cash invested prints 26.13% in year one, and rental yield reads 9.23% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 135.96% and total cumulative return in cash sums $90,097. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,538/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1968
2,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23607, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,681 (100%) |
| Owner Occupied HU | 3,309 (31.0%) |
| Renter Occupied HU | 6,100 (57.1%) |
| Vacant Housing Units | 1,272 (11.9%) |
| Median Home Value | $182,143 |
| Average Home Value | $250,441 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
8,603
Multi-Family
1,406
Businesses
701
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Listed by: Susan Longman • Stratus Realty LLC
Mls Name: REIN Inc.
Mls ID: #10614814