426 Granby St APT 3CNorfolkVA23510
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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 426 Granby St APT 3C, Norfolk, VA, 23510 with 5% annual appreciation on a $250,000 basis while $1,773/mo rent supports operations. Total monthly income totals $1,773/mo and a $1,224/mo payment preserves $278/mo for cash returns. Annual cash flow comes to $3,338/yr on $82,875 deployed, and return on cash invested reaches 23.94% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 8.51%. Five-year ROI measures 124.22% and total cumulative return in cash totals $102,946.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,773/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1912
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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