2541 Grandy Ave,Norfolk,VA,23509

Investment Highlights

Rental property for sale in Norfolk at 2541 Grandy Ave, Norfolk, VA, 23509 generates $1,856/mo in rent and, after a $1,224/mo payment, leaves $361/mo in cash flow. Total monthly income is $1,856/mo, and annual cash flow is $4,334/yr on $82,875 invested. Return on cash invested sits at 25.14% in year one, and rental yield is 8.91% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 130.66% and total cumulative return in cash sums $108,286. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,856/mo property income rather than buyer’s personal income.