5329 River Edge RdNorfolkVA23502
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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 5329 River Edge Rd, Norfolk, VA, 23502 listed at $300,000 pairs $2,572/mo rent with a $1,468/mo payment to leave $779/mo cash flow. Total monthly income runs $2,572/mo, and annual cash flow reaches $9,348/yr on $99,450 cash to close. Return on cash invested measures 29.31% in year one, and rental yield registers 10.29% at a $300,000 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 152.95% and total cumulative return in cash totals $152,112. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,572/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23502, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,404 (100%) |
| Owner Occupied HU | 4,627 (49.2%) |
| Renter Occupied HU | 3,901 (41.5%) |
| Vacant Housing Units | 876 ( 9.3%) |
| Median Home Value | $329,468 |
| Average Home Value | $391,674 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
7,927
Multi-Family
843
Businesses
1,377
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