76 Mulberry AveNewport 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 76 Mulberry Ave, Newport News, VA, 23607 offers a 10.94% rental yield on a $269,999 purchase with $2,462/mo rent. Total monthly income registers $2,462/mo, and a $1,322/mo payment leaves $848/mo available for distribution. Annual cash flow reaches $10,170/yr on $89,505 to close, and return on cash invested stands at 31.27% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 163.51% and total cumulative return in cash at $146,353. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,462/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
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: Jessica Lewis • Iron Valley Real Estate HR
Mls Name: REIN Inc.
Mls ID: #10607298