417 Maycox AveNorfolkVA23505
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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 417 Maycox Ave, Norfolk, VA, 23505 at $380,000 posts ROI 30.85% with $1,148/mo cash flow from $3,420/mo rent. Total monthly income equals $3,420/mo, and annual cash flow records $13,780/yr on $125,970 to close. Return on cash invested measures 30.85% and rental yield reads 10.8% at the current $380,000. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 by year five. Five-year ROI prints 161.26% and total cumulative return in cash totals $203,137.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,420/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
6,115 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23505, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,215 (100%) |
| Owner Occupied HU | 4,731 (35.8%) |
| Renter Occupied HU | 7,553 (57.2%) |
| Vacant Housing Units | 931 ( 7.0%) |
| Median Home Value | $416,308 |
| Average Home Value | $514,747 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
9,670
Multi-Family
2,873
Businesses
541
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