549 Burksdale 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
Investment property for sale in Norfolk at 549 Burksdale Rd, Norfolk, VA, 23505 listed at $275,000 pairs $2,110/mo rent with a $1,346/mo payment to leave $466/mo cash flow. Total monthly income runs $2,110/mo, and annual cash flow reaches $5,593/yr on $91,163 cash to close. Return on cash invested measures 26.04% in year one, and rental yield registers 9.21% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 135.5% and total cumulative return in cash totals $123,527. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,110/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1942
N/A 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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