2844 Victoria AveNorfolkVA23504
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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
Investment property for sale in Norfolk at 2844 Victoria Ave, Norfolk, VA, 23504 uses $38,122 cash to close to unlock $2,345/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $883/mo, and a $563/mo payment keeps the spread at $195/mo. Purchase price stands at $114,997, and rental yield measures 9.21% with $883/mo rent. Return on cash invested shows 26.06% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 135.63% and total cumulative return in cash records $51,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $883/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1919
4,377 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23504, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,054 (100%) |
| Owner Occupied HU | 3,073 (33.9%) |
| Renter Occupied HU | 5,271 (58.2%) |
| Vacant Housing Units | 710 ( 7.8%) |
| Median Home Value | $300,814 |
| Average Home Value | $367,484 |
Housing Distribution
Address Breakdown
Residential
8,556
Single Family
7,432
Multi-Family
1,124
Businesses
538
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