201 Queens WayNorfolkVA23517
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.24% yield at 201 Queens Way, Norfolk, VA, 23517 in Norfolk is solid, but the $2,796/mo payment compresses net cash flow to $34/mo at $589,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $162,978 by year five, and $4,945/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.27) without U.S. income documentation. Total projected return: $214,237.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.5% |
| Monthly Cash Flow | $34 | $1,250 |
City averages based on Norfolk market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,560 |
| Total Monthly Debt Service | $3,435 |
| DSCR Ratio | 1.04x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1981
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23517, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,110 (100%) |
| Owner Occupied HU | 813 (26.1%) |
| Renter Occupied HU | 2,106 (67.7%) |
| Vacant Housing Units | 191 ( 6.1%) |
| Median Home Value | $482,500 |
| Average Home Value | $517,257 |
Housing Distribution
Address Breakdown
Residential
3,034
Single Family
1,709
Multi-Family
1,325
Businesses
763
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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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