631 Todd TrlNewport 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 631 Todd Trl, Newport News, VA, 23602 priced at $299,000 converts $2,426/mo rent into $411/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,426/mo, and annual cash flow totals $4,929/yr on $99,119 invested. Return on cash invested prints 24.88% in year one, and rental yield reads 9.74% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 130.24% and total cumulative return in cash sums $129,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,426/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Condo
Built in 1988
1,742 sqft lot
$N/A/sqft
$170 monthly 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: Stephen Wesson • Long & Foster Real Estate, Inc.
Mls Name: WMLS
Mls Provider:
Mls ID: #2500880
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the WMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firms. 2025 WMLS. All rights reserved.