570 Garren Ave,Norfolk,VA,23509

Investment Highlights

Investment property for sale in Norfolk at 570 Garren Ave, Norfolk, VA, 23509 with 5% annual appreciation on a $240,000 basis while $1,614/mo rent supports operations. Total monthly income totals $1,614/mo and a $1,175/mo payment preserves $179/mo for cash returns. Annual cash flow comes to $2,148/yr on $79,560 deployed, and return on cash invested reaches 22.61% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 8.07%. Five-year ROI measures 117.02% and total cumulative return in cash totals $93,098.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,614/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.