1426 Cedar LnNorfolkVA23508
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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 1426 Cedar Ln, Norfolk, VA, 23508 earns from $2,632/mo rent with a $2,203/mo payment. Total monthly income totals $2,632/mo. ROI tracks 19.44% on current figures, and rental yield reads 7.02% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 100.04% and total cumulative return in cash sums $149,238. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,632/mo property income instead of your personal income.
Single Family
Built in 1937
7,104 sqft 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
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