507 Pembroke AveNorfolkVA23507
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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 507 Pembroke Ave, Norfolk, VA, 23507 with 5% annual appreciation on a $1,995,000 basis while $5,274/mo rent supports operations. 02% in year one. Equity gained on principal adds $12,873/yr, and five-year appreciation sums $551,182 alongside rental yield of 3.17%. Five-year ROI measures 38.7% and total cumulative return in cash totals $250,173. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,274/mo property income versus a $9,765/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1892
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23507, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,367 (100%) |
| Owner Occupied HU | 1,371 (40.7%) |
| Renter Occupied HU | 1,817 (54.0%) |
| Vacant Housing Units | 179 ( 5.3%) |
| Median Home Value | $570,652 |
| Average Home Value | $591,734 |
Housing Distribution
Address Breakdown
Residential
3,309
Single Family
1,888
Multi-Family
1,421
Businesses
140
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