720 W Willow Point PlNewport 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 720 W Willow Point Pl, Newport News, VA, 23602 generates $2,897/mo in rent and, after a $1,786/mo payment, leaves $716/mo in cash flow. Total monthly income is $2,897/mo, and annual cash flow is $8,587/yr on $120,998 invested. Return on cash invested sits at 27.01% in year one, and rental yield is 9.52% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 140.62% and total cumulative return in cash sums $170,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,897/mo property income rather than buyer’s personal income.
Townhouse
Built in 1992
N/A 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: Cheryl Baer • Kiln Creek Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10607360