5907 Potomac AveNewport NewsVA23605
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
Rental property for sale in Newport News at 5907 Potomac Ave, Newport News, VA, 23605 generates $1,349/mo in rent and, after a $857/mo payment, leaves $302/mo in cash flow. Total monthly income is $1,349/mo, and annual cash flow is $3,629/yr on $58,013 invested. Return on cash invested sits at 26.16% in year one, and rental yield is 9.25% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 136.16% and total cumulative return in cash sums $78,991. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,349/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23605, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,018 (100%) |
| Owner Occupied HU | 3,034 (43.2%) |
| Renter Occupied HU | 3,560 (50.7%) |
| Vacant Housing Units | 424 ( 6.0%) |
| Median Home Value | $250,947 |
| Average Home Value | $321,551 |
Housing Distribution
Address Breakdown
Residential
6,791
Single Family
5,736
Multi-Family
1,055
Businesses
407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Benjamin Fitzer • Keller Williams Town Center
Mls Name: REIN Inc.
Mls ID: #10603621