743 Mashie CtNewport 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 743 Mashie Ct, Newport News, VA, 23602 uses $77,903 cash to close to unlock $3,473/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,694/mo, and a $1,150/mo payment keeps the spread at $289/mo. Purchase price stands at $235,000, and rental yield measures 8.65% with $1,694/mo rent. Return on cash invested shows 24.37% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 126.5% and total cumulative return in cash records $98,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,694/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Townhouse
Built in 1994
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Rutherford • RE/MAX Peninsula
Mls Name: REIN Inc.
Mls ID: #10598321