411 Craig StNorfolkVA23523
Nearby investment properties with comparable rents
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 411 Craig St, Norfolk, VA, 23523 at $234,990 posts ROI 24.14% with $274/mo cash flow from $1,679/mo rent. Total monthly income equals $1,679/mo, and annual cash flow records $3,293/yr on $77,899 to close. Return on cash invested measures 24.14% and rental yield reads 8.57% at the current $234,990. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,923 by year five. Five-year ROI prints 125.29% and total cumulative return in cash totals $97,597.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,679/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23523, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 1,226 (36.3%) |
| Renter Occupied HU | 1,872 (55.4%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $254,054 |
| Average Home Value | $348,121 |
Housing Distribution
Address Breakdown
Residential
3,237
Single Family
3,020
Multi-Family
217
Businesses
175
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