912 S Main StNorfolkVA23523
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
Rental property for sale in Norfolk at 912 S Main St, Norfolk, VA, 23523 generates $2,764/mo in rent and, after a $1,625/mo payment, leaves $779/mo in cash flow. Total monthly income is $2,764/mo, and annual cash flow is $9,352/yr on $110,058 invested. Return on cash invested sits at 28.41% in year one, and rental yield is 9.99% on a $332,000 entry. Equity gained on principal adds $2,142/yr, while 5% annual appreciation builds toward $91,725 over five years. Five-year ROI reaches 148.16% and total cumulative return in cash sums $163,059. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,764/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23523, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,381 (100%) |
| Owner Occupied HU | 1,226 (36.3%) |
| Renter Occupied HU | 1,872 (55.4%) |
| Vacant Housing Units | 283 ( 8.4%) |
| Median Home Value | $254,054 |
| Average Home Value | $348,121 |
Housing Distribution
Address Breakdown
Residential
3,237
Single Family
3,020
Multi-Family
217
Businesses
175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices