504 Norfolk AveVirginia BeachVA23451
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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 Virginia Beach at 504 Norfolk Ave, Virginia Beach, VA, 23451 at $369,900 posts ROI 28.1% with $837/mo cash flow from $3,048/mo rent. Total monthly income equals $3,048/mo, and annual cash flow records $10,047/yr on $122,622 to close. Return on cash invested measures 28.1% and rental yield reads 9.89% at the current $369,900. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 by year five. Five-year ROI prints 146.53% and total cumulative return in cash totals $179,674.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,048/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23451, Virginia Beach, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,668 (100%) |
| Owner Occupied HU | 11,149 (43.4%) |
| Renter Occupied HU | 10,477 (40.8%) |
| Vacant Housing Units | 4,042 (15.7%) |
| Median Home Value | $687,053 |
| Average Home Value | $816,102 |
Housing Distribution
Address Breakdown
Residential
24,175
Single Family
18,609
Multi-Family
5,566
Businesses
1,835
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Listed by: Deirdre Love • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10608481