Tbd Spruce Run RdNewportVA24128
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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 at Tbd Spruce Run Rd, Newport, VA, 24128 uses $39,449 cash to close to unlock $5,089/yr annual cash flow and $424/mo monthly cash flow. Total monthly income runs $1,135/mo, and a $582/mo payment keeps the spread at $424/mo. Purchase price stands at $119,000, and rental yield measures 11.45% with $1,135/mo rent. Return on cash invested shows 32.81% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 171.85% and total cumulative return in cash records $67,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,135/mo property income covering a $582/mo payment rather than investor’s personal income.
Lot
Built in N/A
48.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24128, Newport, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 898 (100%) |
| Owner Occupied HU | 595 (66.3%) |
| Renter Occupied HU | 125 (13.9%) |
| Vacant Housing Units | 178 (19.8%) |
| Median Home Value | $311,146 |
| Average Home Value | $329,618 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
38
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Listed by: Marshall Anderson • Long & Foster-Blacksburg
Mls Name: New River Valley AOR
Mls Provider:
Mls ID: #421343
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.