7307 Madison AveNewport 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
Investment property for sale in Newport News at 7307 Madison Ave, Newport News, VA, 23605 uses $79,560 cash to close to unlock $2,364/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,632/mo, and a $1,175/mo payment keeps the spread at $197/mo. Purchase price stands at $240,000, and rental yield measures 8.16% with $1,632/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 118.48% and total cumulative return in cash records $94,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,632/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1955
N/A 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: Tabitha Dalton • Liz Moore & Associates LLC
Mls Name: REIN Inc.
Mls ID: #10607316