Hi,
Yes, we can reuse the name and IP address for the new DC.
This method is used in many situations
Let's name the old DC: DC1,
To rename DC to preserve OLD Name and IP address, following steps for your reference:
Removing AD and Domain Services Role from DC1
Rename to DC1-OLD
IP change
Turn Off
Rename New DC to DC1
Assign the old IP to this new DC1.
Install the Domain Services role and promote it to DC.
Best Regards,