1523 Manson StNorfolkVA23523
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1523 Manson St, Norfolk, VA, 23523 in Norfolk at $105,900 earns $810/mo in rent and nets $177/mo after the $476/mo payment, a 9.18% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $29,258 over five years. Ziffy Mortgage underwrites this on a 1.70 DSCR without U.S. credit history. With $975/yr in principal paydown, total projected return reaches $51,491.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.5% |
| Monthly Cash Flow | $177 | $1,250 |
City averages based on Norfolk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $810 |
| Total Monthly Debt Service | $591 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices