931 Foxboro DrNewport NewsVA23602
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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 931 Foxboro Dr, Newport News, VA, 23602 offers $3,053/mo rent that, after a $2,007/mo payment, leaves $374/mo cash flow. Total monthly income is $3,053/mo, and annual cash flow is $4,492/yr on $135,915 cash. Return on cash invested measures 23.21% in year one, and rental yield stands at 8.94% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 121.03% and total cumulative return in cash reaches $164,495. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,053/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
7,405 sqft lot
$N/A/sqft
$112 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23602, Newport News, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,910 (100%) |
| Owner Occupied HU | 9,840 (52.0%) |
| Renter Occupied HU | 8,023 (42.4%) |
| Vacant Housing Units | 1,047 ( 5.5%) |
| Median Home Value | $321,359 |
| Average Home Value | $321,915 |
Housing Distribution
Address Breakdown
Residential
18,280
Single Family
16,019
Multi-Family
2,261
Businesses
939
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Listed by: Melissa Baker-Bartlett • Samson Properties
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2426169
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.