826 Norview Ave,Norfolk,VA,23509

Investment Highlights

Rental property for sale in Norfolk at 826 Norview Ave, Norfolk, VA, 23509 priced at $338,500 converts $2,414/mo rent into $390/mo cash flow after a $1,657/mo obligation. Total monthly income equals $2,414/mo, and annual cash flow totals $4,683/yr on $112,213 invested. Return on cash invested prints 24.08% in year one, and rental yield reads 8.56% against a $338,500 entry. Equity gained on principal adds $2,184/yr, while 5% annual appreciation compiles into $93,521 by year five. Five-year ROI reaches 124.96% and total cumulative return in cash sums $140,223. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,414/mo property income covering a $1,657/mo payment, not borrower’s personal income.