7320 Glenroie Ave APT 9GNorfolkVA23505
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 7320 Glenroie Ave APT 9G, Norfolk, VA, 23505 earns $413/mo cash flow from $1,608/mo rent with a $978/mo payment. Total monthly income totals $1,608/mo, and annual cash flow totals $4,961/yr on $66,267 capital. ROI tracks 27.4% on current figures, and rental yield reads 9.65% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 142.75% and total cumulative return in cash sums $94,597. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,608/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices