3218 Herbert StNorfolkVA23513
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Nearby investment properties with comparable prices
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 3218 Herbert St, Norfolk, VA, 23513 offers a 11.43% rental yield on a $263,900 purchase with $2,514/mo rent. Total monthly income registers $2,514/mo, and a $1,292/mo payment leaves $936/mo available for distribution. Annual cash flow reaches $11,233/yr on $87,483 to close, and return on cash invested stands at 32.75% in year one. Equity gained on principal adds $1,703/yr while 5% annual appreciation supports $72,911 over five years. Portfolio math shows five-year ROI at 171.47% and total cumulative return in cash at $150,006. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,514/mo property income against a $1,292/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
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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