Zip Code 23608 — Newport News, VA
🟡MODERATE— average returnsCap Rate
4.6%
Monthly Cash Flow
-$457
Median Home Price
$306,335
DSCR
0.72
🏠 Fair Market Rents
- Studio
- $1,210/mo
- 1 Bedroom
- $1,220/mo
- 2 Bedroom
- $1,410/mo
- 3 Bedroom
- $1,960/mo
- 4 Bedroom
- $2,390/mo
📊 Investment Metrics
- Cap Rate
- 4.6%
- Cash-on-Cash Return
- -7.8%
- Price-to-Rent Ratio
- 13.0
- 1% Rule
- 0.64%
- Gross Rent Multiplier
- 13.0
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
Customize these numbers in the calculator →