7044 Gardner DrNorfolkVA23518
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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 7044 Gardner Dr, Norfolk, VA, 23518 uses $97,793 cash to close to unlock $7,877/yr annual cash flow and $656/mo monthly cash flow. Total monthly income runs $2,420/mo, and a $1,444/mo payment keeps the spread at $656/mo. Purchase price stands at $295,000, and rental yield measures 9.84% with $2,420/mo rent. Return on cash invested shows 27.96% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 145.78% and total cumulative return in cash records $142,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,420/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1955
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
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