702 Sedgefield DrNewport NewsVA23605
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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 702 Sedgefield Dr, Newport News, VA, 23605 priced at $270,000 converts $2,111/mo rent into $497/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,111/mo, and annual cash flow totals $5,958/yr on $89,505 invested. Return on cash invested prints 26.57% in year one, and rental yield reads 9.38% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 138.28% and total cumulative return in cash sums $123,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,111/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,405 sqft 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
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Listed by: Greg Garrett • Garrett Realty Partners
Mls Name: REIN Inc.
Mls ID: #10616487