8052 E Glen 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 8052 E Glen Rd, Norfolk, VA, 23505 generates $2,837/mo in rent and, after a $1,738/mo payment, leaves $714/mo in cash flow. Total monthly income is $2,837/mo, and annual cash flow is $8,573/yr on $117,683 invested. Return on cash invested sits at 27.19% in year one, and rental yield is 9.59% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 141.65% and total cumulative return in cash sums $166,692. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,837/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
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