1337 Longwood DrNorfolkVA23508
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
Investment property for sale in Norfolk at 1337 Longwood Dr, Norfolk, VA, 23508 earns $576/mo cash flow from $3,116/mo rent with a $2,080/mo payment. Total monthly income totals $3,116/mo, and annual cash flow totals $6,907/yr on $140,888 capital. ROI tracks 24.81% on current figures, and rental yield reads 8.8% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 128.86% and total cumulative return in cash sums $181,553. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,116/mo property income instead of your personal income.
Single Family
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23508, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,693 (100%) |
| Owner Occupied HU | 3,355 (43.6%) |
| Renter Occupied HU | 3,776 (49.1%) |
| Vacant Housing Units | 562 ( 7.3%) |
| Median Home Value | $449,338 |
| Average Home Value | $541,747 |
Housing Distribution
Address Breakdown
Residential
7,986
Single Family
6,901
Multi-Family
1,085
Businesses
432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices