919 Graydon AveNorfolkVA23507
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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 919 Graydon Ave, Norfolk, VA, 23507 uses $180,555 cash to close to unlock $322/yr annual cash flow and $27/mo monthly cash flow. Total monthly income runs $3,504/mo, and a $2,686/mo payment keeps the spread at $27/mo. Purchase price stands at $548,800, and rental yield measures 7.66% with $3,504/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $151,623 over five years. Five-year ROI reaches 104.77% and total cumulative return in cash records $189,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,504/mo property income covering a $2,686/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23507, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,367 (100%) |
| Owner Occupied HU | 1,371 (40.7%) |
| Renter Occupied HU | 1,817 (54.0%) |
| Vacant Housing Units | 179 ( 5.3%) |
| Median Home Value | $570,652 |
| Average Home Value | $591,734 |
Housing Distribution
Address Breakdown
Residential
3,309
Single Family
1,888
Multi-Family
1,421
Businesses
140
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