3109 Saint Mihiel Ave,Norfolk,VA,23509

Investment Highlights

Investment property for sale in Norfolk at 3109 Saint Mihiel Ave, Norfolk, VA, 23509 offers a 8.64% rental yield on a $212,500 purchase with $1,530/mo rent. Total monthly income registers $1,530/mo, and a $1,040/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,117/yr on $70,444 to close, and return on cash invested stands at 24.33% in year one. Equity gained on principal adds $1,371/yr while 5% annual appreciation supports $58,710 over five years. Portfolio math shows five-year ROI at 126.31% and total cumulative return in cash at $88,976. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $1,040/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.