1523 Manson 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 1523 Manson St, Norfolk, VA, 23523 earns $176/mo cash flow from $809/mo rent with a $518/mo payment. Total monthly income totals $809/mo, and annual cash flow totals $2,115/yr on $35,106 capital. ROI tracks 25.93% on current figures, and rental yield reads 9.17% at a $105,900 purchase. Equity gained on principal adds $683/yr, and 5% annual appreciation supports $29,258 over five years. Five-year ROI reaches 134.98% and total cumulative return in cash sums $47,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $809/mo property income instead of your personal income.
Single Family
Built in 1905
2,495 sqft 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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