135 Ridgeley PointNorfolkVA23505
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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 135 Ridgeley Point, Norfolk, VA, 23505 at $600,000 posts ROI 14.53% with from $2,678/mo rent. Total monthly income equals $2,678/mo. Return on cash invested measures 14.53% and rental yield reads 5.36% at the current $600,000. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 by year five. Five-year ROI prints 73.7% and total cumulative return in cash totals $145,488. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,678/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1943
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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