6426 Grimes AveNorfolkVA23518
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
Investment property for sale in Norfolk at 6426 Grimes Ave, Norfolk, VA, 23518 earns $692/mo cash flow from $2,575/mo rent with a $1,542/mo payment. Total monthly income totals $2,575/mo, and annual cash flow totals $8,301/yr on $104,423 capital. ROI tracks 27.86% on current figures, and rental yield reads 9.81% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 145.19% and total cumulative return in cash sums $151,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,575/mo property income instead of your personal income.
Single Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23518, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,656 (100%) |
| Owner Occupied HU | 7,458 (54.6%) |
| Renter Occupied HU | 5,326 (39.0%) |
| Vacant Housing Units | 872 ( 6.4%) |
| Median Home Value | $348,004 |
| Average Home Value | $453,055 |
Housing Distribution
Address Breakdown
Residential
13,314
Single Family
11,450
Multi-Family
1,864
Businesses
684
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices