625 Claire LnNewport 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
Investment property for sale in Newport News at 625 Claire Ln, Newport News, VA, 23602 earns $74/mo cash flow from $1,144/mo rent with a $734/mo payment. Total monthly income totals $1,144/mo, and annual cash flow totals $886/yr on $49,725 capital. ROI tracks 21.69% on current figures, and rental yield reads 9.15% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 113.63% and total cumulative return in cash sums $56,502. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,144/mo property income instead of your personal income.
Condo
Built in 2008
1,742 sqft 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: N/A • N/A
Mls Name: Xome
Mls Provider:
Mls ID: #0