1517 Conoga St, Norfolk, VA, 23523 | $1,255/mo Cash Flow

For Sale

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

Rental property for sale in Norfolk at 1517 Conoga St, Norfolk, VA, 23523 generates $3,227/mo in rent and, after a $1,615/mo payment, leaves $1,255/mo in cash flow. Total monthly income is $3,227/mo, and annual cash flow is $15,054/yr on $109,395 invested. Return on cash invested sits at 33.67% in year one, and rental yield is 11.73% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 176.38% and total cumulative return in cash sums $192,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,227/mo property income rather than buyer’s personal income.

Single Family

Built in 2016

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