7505 River Rd APT 4ANewport 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
Investment property for sale in Newport News at 7505 River Rd APT 4A, Newport News, VA, 23607 listed at $289,900 pairs $1,464/mo rent with a $1,419/mo payment. Total monthly income runs $1,464/mo. Return on cash invested measures 16.55% in year one, and rental yield registers 6.06% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 84.53% and total cumulative return in cash totals $81,237. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,464/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
2,178 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
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Listed by: Patsy Branch • Paragon Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10591008