3235 Peronne AveNorfolkVA23509
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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 3235 Peronne Ave, Norfolk, VA, 23509 offers $2,471/mo rent that, after a $1,331/mo payment, leaves $820/mo cash flow. Total monthly income is $2,471/mo, and annual cash flow is $9,839/yr on $90,168 cash. Return on cash invested measures 30.82% in year one, and rental yield stands at 10.9% at a $272,000 entry. Equity gained on principal adds $1,755/yr while 5% annual appreciation compounds into $75,149 by year five. Five-year ROI records 161.2% and total cumulative return in cash reaches $145,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,471/mo property income versus a $1,331/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
5,227 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Judy Farris • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10581723
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