8200 Highland StNorfolkVA23518
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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 8200 Highland St, Norfolk, VA, 23518 uses $114,368 cash to close to unlock $2,967/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $2,310/mo, and a $1,689/mo payment keeps the spread at $247/mo. Purchase price stands at $345,000, and rental yield measures 8.03% with $2,310/mo rent. Return on cash invested shows 22.5% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 116.51% and total cumulative return in cash records $133,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,310/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 2010
2,265 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23518, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,656 (100%) |
| Owner Occupied HU | 7,458 (54.6%) |
| Renter Occupied HU | 5,326 (39.0%) |
| Vacant Housing Units | 872 ( 6.4%) |
| Median Home Value | $348,004 |
| Average Home Value | $453,055 |
Housing Distribution
Address Breakdown
Residential
13,314
Single Family
11,450
Multi-Family
1,864
Businesses
684
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