6340 Chesapeake BlvdNorfolkVA23513
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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 6340 Chesapeake Blvd, Norfolk, VA, 23513 listed at $489,500 pairs $4,363/mo rent with a $2,396/mo payment to leave $1,437/mo cash flow. Total monthly income runs $4,363/mo, and annual cash flow reaches $17,241/yr on $162,269 cash to close. Return on cash invested measures 30.53% in year one, and rental yield registers 10.7% at a $489,500 basis. Equity gained on principal adds $3,159/yr, and annual property appreciation at 5% supports $135,240 by year five. Five-year ROI tracks 159.54% and total cumulative return in cash totals $258,887. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,363/mo property income relative to a $2,396/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23513, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,921 (100%) |
| Owner Occupied HU | 6,238 (48.3%) |
| Renter Occupied HU | 5,932 (45.9%) |
| Vacant Housing Units | 751 ( 5.8%) |
| Median Home Value | $284,891 |
| Average Home Value | $305,194 |
Housing Distribution
Address Breakdown
Residential
12,378
Single Family
10,519
Multi-Family
1,859
Businesses
665
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