815 Wakefield AveNorfolkVA23502
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
Investment property for sale in Norfolk at 815 Wakefield Ave, Norfolk, VA, 23502 at $415,000 posts ROI 29.81% with $1,135/mo cash flow from $3,616/mo rent. Total monthly income equals $3,616/mo, and annual cash flow records $13,625/yr on $137,573 to close. Return on cash invested measures 29.81% and rental yield reads 10.46% at the current $415,000. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 by year five. Five-year ROI prints 155.69% and total cumulative return in cash totals $214,185.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,616/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23502, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,404 (100%) |
| Owner Occupied HU | 4,627 (49.2%) |
| Renter Occupied HU | 3,901 (41.5%) |
| Vacant Housing Units | 876 ( 9.3%) |
| Median Home Value | $329,468 |
| Average Home Value | $391,674 |
Housing Distribution
Address Breakdown
Residential
8,770
Single Family
7,927
Multi-Family
843
Businesses
1,377
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices