7501 River Rd APT 14CNewport 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 7501 River Rd APT 14C, Newport News, VA, 23607 uses $71,604 cash to close to unlock $6,768/yr annual cash flow and $564/mo monthly cash flow. Total monthly income runs $1,855/mo, and a $1,057/mo payment keeps the spread at $564/mo. Purchase price stands at $216,000, and rental yield measures 10.31% with $1,855/mo rent. Return on cash invested shows 29.36% in year one, and 5% annual appreciation builds toward $59,677 over five years. Five-year ROI reaches 153.25% and total cumulative return in cash records $109,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,855/mo property income covering a $1,057/mo payment rather than investor’s personal income.
Condo
Built in 1987
1,742 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: Amy Scott • Jason Mitchell Real Estate
Mls Name: REIN Inc.
Mls ID: #10614138