744 Sheppard AveNorfolkVA23518
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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
Rental property for sale in Norfolk at 744 Sheppard Ave, Norfolk, VA, 23518 offers $2,564/mo rent that, after a $1,517/mo payment, leaves $711/mo cash flow. Total monthly income is $2,564/mo, and annual cash flow is $8,534/yr on $102,762 cash. Return on cash invested measures 28.21% in year one, and rental yield stands at 9.93% at a $309,990 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,645 by year five. Five-year ROI records 147.14% and total cumulative return in cash reaches $151,204. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,564/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
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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