810 E Ocean View Ave APT 201NorfolkVA23503
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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 810 E Ocean View Ave APT 201, Norfolk, VA, 23503 earns $769/mo cash flow from $2,611/mo rent with a $1,508/mo payment. Total monthly income totals $2,611/mo, and annual cash flow totals $9,232/yr on $102,102 capital. ROI tracks 28.95% on current figures, and rental yield reads 10.17% at a $308,000 purchase. Equity gained on principal adds $1,987/yr, and 5% annual appreciation supports $85,095 over five years. Five-year ROI reaches 151.08% and total cumulative return in cash sums $154,252. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,611/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23503, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,289 (100%) |
| Owner Occupied HU | 6,167 (40.3%) |
| Renter Occupied HU | 7,804 (51.0%) |
| Vacant Housing Units | 1,318 ( 8.6%) |
| Median Home Value | $326,217 |
| Average Home Value | $371,028 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
12,409
Multi-Family
1,943
Businesses
317
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