536 Marchant 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
Rental property for sale in Norfolk at 536 Marchant Rd, Norfolk, VA, 23505 priced at $313,990 converts $2,597/mo rent into $720/mo cash flow after a $1,537/mo obligation. Total monthly income equals $2,597/mo, and annual cash flow totals $8,638/yr on $104,088 invested. Return on cash invested prints 28.21% in year one, and rental yield reads 9.93% against a $313,990 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation compiles into $86,750 by year five. Five-year ROI reaches 147.06% and total cumulative return in cash sums $153,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,597/mo property income covering a $1,537/mo payment, not borrower’s personal income.
Single Family
Built in 1941
7,200 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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