1508 McNeal AveNorfolkVA23502
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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 1508 McNeal Ave, Norfolk, VA, 23502 earns $884/mo cash flow from $2,453/mo rent with a $1,285/mo payment. Total monthly income totals $2,453/mo, and annual cash flow totals $10,603/yr on $87,019 capital. ROI tracks 32.09% on current figures, and rental yield reads 11.21% at a $262,500 purchase. Equity gained on principal adds $1,694/yr, and 5% annual appreciation supports $72,524 over five years. Five-year ROI reaches 167.93% and total cumulative return in cash sums $146,134. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,453/mo property income instead of your personal income.
Single Family
Built in 1988
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23502, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,404 (100%) |
| Owner Occupied HU | 4,627 (49.2%) |
| Renter Occupied HU | 3,901 (41.5%) |
| Vacant Housing Units | 876 ( 9.3%) |
| Median Home Value | $329,468 |
| Average Home Value | $391,674 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
7,927
Multi-Family
843
Businesses
1,377
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