2735 Harrell Ave,Norfolk,VA,23509

Investment Highlights

Rental property for sale in Norfolk at 2735 Harrell Ave, Norfolk, VA, 23509 generates $1,600/mo in rent and, after a $915/mo payment, leaves $482/mo in cash flow. Total monthly income is $1,600/mo, and annual cash flow is $5,789/yr on $61,991 invested. Return on cash invested sits at 29.25% in year one, and rental yield is 10.27% on a $187,000 entry. Equity gained on principal adds $1,207/yr, while 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 152.69% and total cumulative return in cash sums $94,650. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,600/mo property income rather than buyer’s personal income.