563 Ayrshire Way APT ENewport 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
Rental property for sale in Newport News at 563 Ayrshire Way APT E, Newport News, VA, 23602 offers $1,173/mo rent that, after a $729/mo payment, leaves $283/mo cash flow. Total monthly income is $1,173/mo, and annual cash flow is $3,391/yr on $49,394 cash. Return on cash invested measures 26.77% in year one, and rental yield stands at 9.45% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 139.44% and total cumulative return in cash reaches $68,872. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,173/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A 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: Soo Yeon Choi • ERA Real Estate Professionals
Mls Name: REIN Inc.
Mls ID: #10609677