5364 Hanyen DrNorfolkVA23502
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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 5364 Hanyen Dr, Norfolk, VA, 23502 with 5% annual appreciation on a $249,000 basis while $1,739/mo rent supports operations. Total monthly income totals $1,739/mo and a $1,219/mo payment preserves $250/mo for cash returns. Annual cash flow comes to $3,003/yr on $82,544 deployed, and return on cash invested reaches 23.55% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 8.38%. Five-year ROI measures 122.13% and total cumulative return in cash totals $100,808.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,739/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
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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