8576 Chesapeake Blvd APT 110NorfolkVA23503
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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 8576 Chesapeake Blvd APT 110, Norfolk, VA, 23503 generates $1,846/mo in rent and, after a $1,101/mo payment, leaves $286/mo in cash flow. Total monthly income is $1,846/mo, and annual cash flow is $3,435/yr on $74,588 invested. Return on cash invested sits at 24.51% in year one, and rental yield is 9.85% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 128.56% and total cumulative return in cash sums $95,889. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,846/mo property income rather than buyer’s personal income.
Townhouse
Built in 1983
1,663 sqft lot
$N/A/sqft
$215 monthly 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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Listed by: Rico Gonzales • AtCoastal Realty
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10558151
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