602 Walker AveNorfolkVA23523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 602 Walker Ave, Norfolk, VA, 23523 priced at $329,000 pairs $3,226/mo rent with $1,260/mo cash flow after a $1,610/mo payment. Total monthly income equals $3,226/mo, and annual cash flow comes to $15,115/yr on $109,064 invested. Return on cash invested is 33.77% in year one, and rental yield stands at 11.77% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 176.9% and total cumulative return in cash reaches $192,933. For financing, Ziffy Mortgage’s DSCR program evaluates $3,226/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
3,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23523, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 1,226 (36.3%) |
| Renter Occupied HU | 1,872 (55.4%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $254,054 |
| Average Home Value | $348,121 |
Housing Distribution
Address Breakdown
Residential
3,237
Single Family
3,020
Multi-Family
217
Businesses
175
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