7505 River Rd APT 9BNewport 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 9B, Newport News, VA, 23607 earns from $1,736/mo rent with a $1,099/mo payment. Total monthly income totals $1,736/mo. ROI tracks 14.21% on current figures, and rental yield reads 9.28% at a $224,500 purchase. Equity gained on principal adds $1,449/yr, and 5% annual appreciation supports $62,025 over five years. Five-year ROI reaches 76.41% and total cumulative return in cash sums $56,864. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,736/mo property income instead of your personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$747 monthly 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: Rick Brandt • RE/MAX Capital
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10557808
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