914 Summit AveNorfolkVA23504
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 914 Summit Ave, Norfolk, VA, 23504 listed at $277,900 pairs $2,640/mo rent with a $1,360/mo payment to leave $979/mo cash flow. Total monthly income runs $2,640/mo, and annual cash flow reaches $11,747/yr on $92,124 cash to close. Return on cash invested measures 32.66% in year one, and rental yield registers 11.4% at a $277,900 basis. Equity gained on principal adds $1,793/yr, and annual property appreciation at 5% supports $76,779 by year five. Five-year ROI tracks 170.92% and total cumulative return in cash totals $157,461. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $1,360/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23504, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,054 (100%) |
| Owner Occupied HU | 3,073 (33.9%) |
| Renter Occupied HU | 5,271 (58.2%) |
| Vacant Housing Units | 710 ( 7.8%) |
| Median Home Value | $300,814 |
| Average Home Value | $367,484 |
Housing Distribution
Address Breakdown
Residential
8,556
Single Family
7,432
Multi-Family
1,124
Businesses
538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices