1406 Goff St, Norfolk, VA, 23504 | 3.78% Rental Yield

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Norfolk at 1406 Goff St, Norfolk, VA, 23504 earns from $1,498/mo rent with a $2,325/mo payment. Total monthly income totals $1,498/mo. ROI tracks 9.68% on current figures, and rental yield reads 3.78% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 47.75% and total cumulative return in cash sums $75,187. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,498/mo property income instead of your personal income.

Multi Family

Built in 1988

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 23504, Norfolk, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,054 (100%)
Owner Occupied HU	3,073 (33.9%)
Renter Occupied HU	5,271 (58.2%)
Vacant Housing Units	710 ( 7.8%)
Median Home Value	$300,814
Average Home Value	$367,484