6346 Edward StNorfolkVA23513
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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
Rental property for sale in Norfolk at 6346 Edward St, Norfolk, VA, 23513 generates $1,551/mo in rent and, after a $1,077/mo payment, leaves $236/mo in cash flow. Total monthly income is $1,551/mo, and annual cash flow is $2,828/yr on $72,930 invested. Return on cash invested sits at 23.79% in year one, and rental yield is 8.46% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 123.37% and total cumulative return in cash sums $89,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,551/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
7,910 sqft 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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