64 Anchorage DrNewport NewsVA23602
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
Investment property for sale in Newport News at 64 Anchorage Dr, Newport News, VA, 23602 at $295,000 posts ROI 27.66% with $631/mo cash flow from $2,395/mo rent. Total monthly income equals $2,395/mo, and annual cash flow records $7,577/yr on $97,793 to close. Return on cash invested measures 27.66% and rental yield reads 9.74% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 144.14% and total cumulative return in cash totals $140,954.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,395/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
7,840 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: Rick Brandt • RE/MAX Connect
Mls Name: REIN Inc.
Mls ID: #10612163