111 W Tazewell St APT 200NorfolkVA23510
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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 111 W Tazewell St APT 200, Norfolk, VA, 23510 listed at $594,000 pairs $2,616/mo rent with a $2,907/mo payment. Total monthly income runs $2,616/mo. Return on cash invested measures 8.38% in year one, and rental yield registers 5.28% at a $594,000 basis. Equity gained on principal adds $3,833/yr, and annual property appreciation at 5% supports $164,111 by year five. Five-year ROI tracks 42.88% and total cumulative return in cash totals $83,808. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,616/mo property income relative to a $2,907/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1909
N/A lot
$N/A/sqft
$688 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23510, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 1,117 (17.5%) |
| Renter Occupied HU | 4,364 (68.3%) |
| Vacant Housing Units | 906 (14.2%) |
| Median Home Value | $548,376 |
| Average Home Value | $633,402 |
Housing Distribution
Address Breakdown
Residential
6,173
Single Family
3,106
Multi-Family
3,067
Businesses
1,652
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Listed by: Teresa Spruill • The Real Estate Group
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10587029
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