1408 Vine StNorfolkVA23523
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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 1408 Vine St, Norfolk, VA, 23523 earns $370/mo cash flow from $2,462/mo rent with a $1,713/mo payment. Total monthly income totals $2,462/mo, and annual cash flow totals $4,438/yr on $116,025 capital. ROI tracks 23.73% on current figures, and rental yield reads 8.44% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 123.07% and total cumulative return in cash sums $142,790. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,462/mo property income instead of your personal income.
Single Family
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23523, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 1,226 (36.3%) |
| Renter Occupied HU | 1,872 (55.4%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $254,054 |
| Average Home Value | $348,121 |
Housing Distribution
Address Breakdown
Residential
3,237
Single Family
3,020
Multi-Family
217
Businesses
175
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