8045 E Glen RdNorfolkVA23505
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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 8045 E Glen Rd, Norfolk, VA, 23505 earns $579/mo cash flow from $2,432/mo rent with a $1,517/mo payment. Total monthly income totals $2,432/mo, and annual cash flow totals $6,950/yr on $102,765 capital. ROI tracks 26.67% on current figures, and rental yield reads 9.41% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 138.86% and total cumulative return in cash sums $142,699. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,432/mo property income instead of your personal income.
Single Family
Built in 1942
7,200 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
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