415 Saint Pauls Blvd UNIT 202NorfolkVA23510
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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
Investment property for sale in Norfolk at 415 Saint Pauls Blvd UNIT 202, Norfolk, VA, 23510 offers a 8.32% rental yield on a $288,900 purchase with $2,003/mo rent. Total monthly income registers $2,003/mo, and a $1,414/mo payment leaves $276/mo available for distribution. Annual cash flow reaches $3,312/yr on $95,770 to close, and return on cash invested stands at 23.37% in year one. Equity gained on principal adds $1,864/yr while 5% annual appreciation supports $79,818 over five years. Portfolio math shows five-year ROI at 121.16% and total cumulative return in cash at $116,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,003/mo property income against a $1,414/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23510, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 1,117 (17.5%) |
| Renter Occupied HU | 4,364 (68.3%) |
| Vacant Housing Units | 906 (14.2%) |
| Median Home Value | $548,376 |
| Average Home Value | $633,402 |
Housing Distribution
Address Breakdown
Residential
6,173
Single Family
3,106
Multi-Family
3,067
Businesses
1,652
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