8020 Diggs RdNorfolkVA23505
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
Rental property for sale in Norfolk at 8020 Diggs Rd, Norfolk, VA, 23505 priced at $154,000 pairs $1,172/mo rent with $119/mo cash flow after a $754/mo payment. Total monthly income equals $1,172/mo, and annual cash flow comes to $1,428/yr on $51,051 invested. Return on cash invested is 22.71% in year one, and rental yield stands at 9.13% on a $154,000 basis. Equity gained on principal adds $994/yr, and 5% annual appreciation accumulates to $42,547 by year five. Five-year ROI measures 118.66% and total cumulative return in cash reaches $60,578. For financing, Ziffy Mortgage’s DSCR program evaluates $1,172/mo property income against a $754/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
7,091 sqft 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
Listed by: Susan Jenkins • Better Homes & Gdns Ntv Am Grp
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10552854
Disclaimer: The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. Copyright 2024 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2024-11-13 16:27:33 PST. Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions. This application does not include information on all of the properties available for sale at this time.