2900 Chesapeake Blvd,Norfolk,VA,23509

Investment Highlights

Rental property for sale in Norfolk at 2900 Chesapeake Blvd, Norfolk, VA, 23509 generates $2,860/mo in rent and, after a $1,443/mo payment, leaves $1,098/mo in cash flow. Total monthly income is $2,860/mo, and annual cash flow is $13,170/yr on $97,759 invested. Return on cash invested sits at 33.38% in year one, and rental yield is 11.64% on a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 174.83% and total cumulative return in cash sums $170,911. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,860/mo property income rather than buyer’s personal income.