5877 Cumberland Gap 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 5877 Cumberland Gap Rd, Newport, VA, 24128 earns $533/mo cash flow from $1,638/mo rent with a $905/mo payment. Total monthly income totals $1,638/mo, and annual cash flow totals $6,392/yr on $61,294 capital. ROI tracks 30.34% on current figures, and rental yield reads 10.63% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 158.51% and total cumulative return in cash sums $97,159. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,638/mo property income instead of your personal income.
Manufactured
Built in 2001
5.65 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: John McKenzie • Coldwell Banker Townside Bburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #424215
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.