7505 River Rd APT 12GNewport NewsVA23607
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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 7505 River Rd APT 12G, Newport News, VA, 23607 generates $3,096/mo in rent and, after a $2,251/mo payment, leaves $347/mo in cash flow. Total monthly income is $3,096/mo, and annual cash flow is $4,160/yr on $152,490 invested. Return on cash invested sits at 22.64% in year one, and rental yield is 8.08% on a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 117.2% and total cumulative return in cash sums $178,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,096/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A 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
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Listed by: Kim Seay • RE/MAX Capital
Mls Name: REIN Inc.
Mls ID: #10612492