1806 Bourbon Ave,Norfolk,VA,23509

Investment Highlights

Investment property for sale in Norfolk at 1806 Bourbon Ave, Norfolk, VA, 23509 listed at $235,000 pairs $2,102/mo rent with a $1,150/mo payment to leave $697/mo cash flow. Total monthly income runs $2,102/mo, and annual cash flow reaches $8,369/yr on $77,903 cash to close. Return on cash invested measures 30.65% in year one, and rental yield registers 10.73% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 160.22% and total cumulative return in cash totals $124,816. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,102/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).