102 Willow Wood Dr APT B6NorfolkVA23505
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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 Norfolk at 102 Willow Wood Dr APT B6, Norfolk, VA, 23505 priced at $149,900 converts $1,145/mo rent into $249/mo cash flow after a $734/mo obligation. Total monthly income equals $1,145/mo, and annual cash flow totals $2,983/yr on $49,692 invested. Return on cash invested prints 25.91% in year one, and rental yield reads 9.17% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 134.8% and total cumulative return in cash sums $66,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,145/mo property income covering a $734/mo payment, not borrower’s personal income.
Condo
Built in 1941
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23505, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,215 (100%) |
| Owner Occupied HU | 4,731 (35.8%) |
| Renter Occupied HU | 7,553 (57.2%) |
| Vacant Housing Units | 931 ( 7.0%) |
| Median Home Value | $416,308 |
| Average Home Value | $514,747 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
9,670
Multi-Family
2,873
Businesses
541
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