7320 Glenroie Ave APT 3ANorfolkVA23505
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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 7320 Glenroie Ave APT 3A, Norfolk, VA, 23505 listed at $157,800 pairs $1,328/mo rent with a $772/mo payment. Total monthly income runs $1,328/mo. Return on cash invested measures 6.42% in year one, and rental yield registers 10.1% at a $157,800 basis. Equity gained on principal adds $1,018/yr, and annual property appreciation at 5% supports $43,597 by year five. Five-year ROI tracks 38.41% and total cumulative return in cash totals $20,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,328/mo property income relative to a $772/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
1,350 sqft lot
$N/A/sqft
$940 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23505, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,215 (100%) |
| Owner Occupied HU | 4,731 (35.8%) |
| Renter Occupied HU | 7,553 (57.2%) |
| Vacant Housing Units | 931 ( 7.0%) |
| Median Home Value | $416,308 |
| Average Home Value | $514,747 |
Housing Distribution
Address Breakdown
Residential
12,543
Single Family
9,670
Multi-Family
2,873
Businesses
541
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