3117 Lyons Ave,Norfolk,VA,23509

Investment Highlights

Rental property for sale in Norfolk at 3117 Lyons Ave, Norfolk, VA, 23509 generates $1,829/mo in rent and, after a $1,468/mo payment, leaves $36/mo in cash flow. Total monthly income is $1,829/mo, and annual cash flow is $432/yr on $99,450 invested. Return on cash invested sits at 20.34% in year one, and rental yield is 7.32% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 104.88% and total cumulative return in cash sums $104,304. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,829/mo property income rather than buyer’s personal income.