9556 21st Bay StNorfolkVA23518
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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
Rental property for sale in Norfolk at 9556 21st Bay St, Norfolk, VA, 23518 generates $3,450/mo in rent, after a $2,885/mo payment. Total monthly income is $3,450/mo. Return on cash invested sits at 19.6% in year one, and rental yield is 7.02% on a $589,500 entry. Equity gained on principal adds $3,804/yr, while 5% annual appreciation builds toward $162,868 over five years. Five-year ROI reaches 100.91% and total cumulative return in cash sums $195,711. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,450/mo property income rather than buyer’s personal income.
Townhouse
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23518, Norfolk, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,656 (100%) |
| Owner Occupied HU | 7,458 (54.6%) |
| Renter Occupied HU | 5,326 (39.0%) |
| Vacant Housing Units | 872 ( 6.4%) |
| Median Home Value | $348,004 |
| Average Home Value | $453,055 |
Housing Distribution
Address Breakdown
Residential
13,314
Single Family
11,450
Multi-Family
1,864
Businesses
684
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