1016 Goff StNorfolkVA23504
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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 Norfolk at 1016 Goff St, Norfolk, VA, 23504 uses $65,471 cash to close to unlock $4,236/yr annual cash flow and $353/mo monthly cash flow. Total monthly income runs $1,534/mo, and a $967/mo payment keeps the spread at $353/mo. Purchase price stands at $197,500, and rental yield measures 9.32% with $1,534/mo rent. Return on cash invested shows 26.38% in year one, and 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 137.34% and total cumulative return in cash records $89,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,534/mo property income covering a $967/mo payment rather than investor’s personal income.
Single Family
Built in 1914
4,251 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23504, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,054 (100%) |
| Owner Occupied HU | 3,073 (33.9%) |
| Renter Occupied HU | 5,271 (58.2%) |
| Vacant Housing Units | 710 ( 7.8%) |
| Median Home Value | $300,814 |
| Average Home Value | $367,484 |
Housing Distribution
Address Breakdown
Residential
8,556
Single Family
7,432
Multi-Family
1,124
Businesses
538
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