504 N Shore RdNorfolkVA23505
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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 504 N Shore Rd, Norfolk, VA, 23505 uses $109,395 cash to close to unlock $5,394/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $2,422/mo, and a $1,615/mo payment keeps the spread at $450/mo. Purchase price stands at $330,000, and rental yield measures 8.81% with $2,422/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 129.02% and total cumulative return in cash records $141,143. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,422/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,291 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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