2403 Lafayette Blvd,Norfolk,VA,23509

Investment Highlights

Investment property for sale in Norfolk at 2403 Lafayette Blvd, Norfolk, VA, 23509 offers a 8.21% rental yield on a $209,000 purchase with $1,430/mo rent. Total monthly income registers $1,430/mo, and a $1,023/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,167/yr on $69,284 to close, and return on cash invested stands at 23.04% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 119.36% and total cumulative return in cash at $82,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,430/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.