3302 Marne Ave, Norfolk, VA, 23509 | $532/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Norfolk at 3302 Marne Ave, Norfolk, VA, 23509 offers a 9% rental yield on a $349,900 purchase with $2,624/mo rent. Total monthly income registers $2,624/mo, and a $1,713/mo payment leaves $532/mo available for distribution. Annual cash flow reaches $6,383/yr on $115,992 to close, and return on cash invested stands at 25.41% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 132.07% and total cumulative return in cash at $153,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,624/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1917

N/A lot

$N/A/sqft

No HOA