3625 Pleasant Ave, Norfolk, VA, 23518 | 5.43% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1350 sft

319 Beck St, Norfolk, VA, 23503

3 Bed
2 Bath
1758 sft

515 Maryland Ave, Portsmouth, VA, 23707

2 Bed
2 Bath
1418 sft

1509 Waitsel Dr #207, Chesapeake, VA, 23320

3 Bed
2 Bath
1250 sft

1914 Zinzer Rd, Hampton, VA, 23663

Nearby investment properties with comparable prices

4 Bed
3 Bath
2278 sft

4408 Abercorn Dr, Suffolk, VA, 23434

3 Bed
3 Bath
2000 sft

1017 Draketail Ln, Virginia Beach, VA, 23451

4 Bed
3 Bath
2960 sft

4740 Longmont Rd, Virginia Beach, VA, 23456

3 Bed
2 Bath
2859 sft

1014 Libby Way, Suffolk, VA, 23435

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Norfolk at 3625 Pleasant Ave, Norfolk, VA, 23518 offers a 5.43% rental yield on a $635,000 purchase with $2,874/mo rent. 76% in year one. Equity gained on principal adds $4,098/yr while 5% annual appreciation supports $175,439 over five years. Portfolio math shows five-year ROI at 74.96% and total cumulative return in cash at $156,608. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,874/mo property income against a $3,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 23518, Norfolk, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,656 (100%)
Owner Occupied HU	7,458 (54.6%)
Renter Occupied HU	5,326 (39.0%)
Vacant Housing Units	872 ( 6.4%)
Median Home Value	$348,004
Average Home Value	$453,055