2628 Grandy Ave,Norfolk,VA,23509

Investment Highlights

Investment property for sale in Norfolk at 2628 Grandy Ave, Norfolk, VA, 23509 offers a 9.3% rental yield on a $179,900 purchase with $1,394/mo rent. Total monthly income registers $1,394/mo, and a $881/mo payment leaves $318/mo available for distribution. Annual cash flow reaches $3,817/yr on $59,637 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 136.98% and total cumulative return in cash at $81,693. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,394/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.