72 Cedar AveNewport NewsVA23607
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 72 Cedar Ave, Newport News, VA, 23607 offers a 19.28% rental yield on a $128,500 purchase with $2,065/mo rent. Total monthly income registers $2,065/mo, and a $629/mo payment leaves $1,263/mo available for distribution. Annual cash flow reaches $15,157/yr on $42,598 to close, and return on cash invested stands at 55.49% in year one. Equity gained on principal adds $829/yr while 5% annual appreciation supports $35,502 over five years. Portfolio math shows five-year ROI at 293.85% and total cumulative return in cash at $125,172. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23607, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,681 (100%) |
| Owner Occupied HU | 3,309 (31.0%) |
| Renter Occupied HU | 6,100 (57.1%) |
| Vacant Housing Units | 1,272 (11.9%) |
| Median Home Value | $182,143 |
| Average Home Value | $250,441 |
Housing Distribution
Address Breakdown
Residential
10,009
Single Family
8,603
Multi-Family
1,406
Businesses
701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A