6214 Tidewater Dr,Norfolk,VA,23509

Investment Highlights

Rental property for sale in Norfolk at 6214 Tidewater Dr, Norfolk, VA, 23509 generates $2,795/mo in rent and, after a $1,468/mo payment, leaves $1,002/mo in cash flow. Total monthly income is $2,795/mo, and annual cash flow is $12,024/yr on $99,450 invested. Return on cash invested sits at 32% in year one, and rental yield is 11.18% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 167.38% and total cumulative return in cash sums $166,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,795/mo property income rather than buyer’s personal income.