2081 Colane RdNorfolkVA23518
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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
Rental property for sale in Norfolk at 2081 Colane Rd, Norfolk, VA, 23518 generates $3,530/mo in rent and, after a $2,838/mo payment, leaves $64/mo in cash flow. Total monthly income is $3,530/mo, and annual cash flow is $765/yr on $190,787 invested. Return on cash invested sits at 20.46% in year one, and rental yield is 7.3% on a $579,900 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 105.49% and total cumulative return in cash sums $201,265. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23518, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,656 (100%) |
| Owner Occupied HU | 7,458 (54.6%) |
| Renter Occupied HU | 5,326 (39.0%) |
| Vacant Housing Units | 872 ( 6.4%) |
| Median Home Value | $348,004 |
| Average Home Value | $453,055 |
Housing Distribution
Address Breakdown
Residential
13,314
Single Family
11,450
Multi-Family
1,864
Businesses
684
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