1201 Whaley AveNorfolkVA23502
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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 1201 Whaley Ave, Norfolk, VA, 23502 generates $3,248/mo in rent and, after a $1,931/mo payment, leaves $890/mo in cash flow. Total monthly income is $3,248/mo, and annual cash flow is $10,675/yr on $130,777 invested. Return on cash invested sits at 28.07% in year one, and rental yield is 9.88% on a $394,500 entry. Equity gained on principal adds $2,546/yr, while 5% annual appreciation builds toward $108,993 over five years. Five-year ROI reaches 146.34% and total cumulative return in cash sums $191,381. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,248/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
0.72 Acres 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
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