415 Saint Pauls Blvd UNIT 504NorfolkVA23510
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 415 Saint Pauls Blvd UNIT 504, Norfolk, VA, 23510 offers a 8.35% rental yield on a $270,000 purchase with $1,878/mo rent. Total monthly income registers $1,878/mo, and a $1,322/mo payment leaves $264/mo available for distribution. Annual cash flow reaches $3,162/yr on $89,505 to close, and return on cash invested stands at 23.44% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 121.54% and total cumulative return in cash at $108,781. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,878/mo property income against a $1,322/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices