863 Catalina DrNewport NewsVA23608
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 863 Catalina Dr, Newport News, VA, 23608 at $359,900 posts ROI 23.77% with $384/mo cash flow from $2,536/mo rent. Total monthly income equals $2,536/mo, and annual cash flow records $4,609/yr on $119,307 to close. Return on cash invested measures 23.77% and rental yield reads 8.46% at the current $359,900. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 by year five. Five-year ROI prints 123.32% and total cumulative return in cash totals $147,134.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,536/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23608, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,508 (100%) |
| Owner Occupied HU | 9,411 (50.8%) |
| Renter Occupied HU | 7,799 (42.1%) |
| Vacant Housing Units | 1,298 ( 7.0%) |
| Median Home Value | $288,048 |
| Average Home Value | $288,522 |
Housing Distribution
Address Breakdown
Residential
18,806
Single Family
16,591
Multi-Family
2,215
Businesses
762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Hipps • Long & Foster Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10607029