416 Pendleton St, Norfolk, VA, 23523 | 7.01% Rental Yield

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 416 Pendleton St, Norfolk, VA, 23523 with 5% annual appreciation on a $369,883 basis while $2,160/mo rent supports operations. 41% in year one. Equity gained on principal adds $2,387/yr, and five-year appreciation sums $102,192 alongside rental yield of 7.01%. Five-year ROI measures 99.93% and total cumulative return in cash totals $122,536. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,160/mo property income versus a $1,810/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2025

N/A 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