108 Bristol AveNorfolkVA23502
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 108 Bristol Ave, Norfolk, VA, 23502 offers $1,602/mo rent that, after a $1,175/mo payment, leaves $114/mo cash flow. Total monthly income is $1,602/mo, and annual cash flow is $1,366/yr on $79,560 cash. Return on cash invested measures 21.63% in year one, and rental yield stands at 8.01% at a $239,999 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,307 by year five. Five-year ROI records 112.05% and total cumulative return in cash reaches $89,150. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,602/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1973
2,160 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23502, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,404 (100%) |
| Owner Occupied HU | 4,627 (49.2%) |
| Renter Occupied HU | 3,901 (41.5%) |
| Vacant Housing Units | 876 ( 9.3%) |
| Median Home Value | $329,468 |
| Average Home Value | $391,674 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
7,927
Multi-Family
843
Businesses
1,377
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kofi Adih • Hylton & Company
Mls Name: CVRMLS
Mls Provider:
Mls ID: #2518180
Disclaimer: All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.