3105 Hurley AveNorfolkVA23513
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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
Rental property for sale in Norfolk at 3105 Hurley Ave, Norfolk, VA, 23513 priced at $339,797 pairs $2,500/mo rent with $469/mo cash flow after a $1,663/mo payment. Total monthly income equals $2,500/mo, and annual cash flow comes to $5,627/yr on $112,643 invested. Return on cash invested is 24.9% in year one, and rental yield stands at 8.83% on a $339,797 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,880 by year five. Five-year ROI measures 129.35% and total cumulative return in cash reaches $145,707. For financing, Ziffy Mortgage’s DSCR program evaluates $2,500/mo property income against a $1,663/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23513, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,921 (100%) |
| Owner Occupied HU | 6,238 (48.3%) |
| Renter Occupied HU | 5,932 (45.9%) |
| Vacant Housing Units | 751 ( 5.8%) |
| Median Home Value | $284,891 |
| Average Home Value | $305,194 |
Housing Distribution
Address Breakdown
Residential
12,378
Single Family
10,519
Multi-Family
1,859
Businesses
665
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