435 Monticello Ave UNIT 200CNorfolkVA23510
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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 435 Monticello Ave UNIT 200C, Norfolk, VA, 23510 earns $670/mo cash flow from $2,254/mo rent with a $1,297/mo payment. Total monthly income totals $2,254/mo, and annual cash flow totals $8,039/yr on $87,848 capital. ROI tracks 29.06% on current figures, and rental yield reads 10.21% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 151.64% and total cumulative return in cash sums $133,215. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,254/mo property income instead of your personal income.
Condo
Built in 1920
483.52 sqft 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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