8048 Tidewater DrNorfolkVA23505
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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 8048 Tidewater Dr, Norfolk, VA, 23505 uses $88,809 cash to close to unlock $10,000/yr annual cash flow and $833/mo monthly cash flow. Total monthly income runs $2,504/mo, and a $1,311/mo payment keeps the spread at $833/mo. Purchase price stands at $267,900, and rental yield measures 11.22% with $2,504/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $74,016 over five years. Five-year ROI reaches 163.31% and total cumulative return in cash records $145,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,504/mo property income covering a $1,311/mo payment rather than investor’s personal income.
Single Family
Built in 1941
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
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Listed by: Rebecca McAhren • Proactive Real Estate Services
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10588106
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