9621 9th 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 9621 9th Bay St, Norfolk, VA, 23518 generates $2,874/mo in rent, after a $3,122/mo payment. Total monthly income is $2,874/mo. Return on cash invested sits at 14.69% in year one, and rental yield is 5.41% on a $637,900 entry. Equity gained on principal adds $4,116/yr, while 5% annual appreciation builds toward $176,240 over five years. Five-year ROI reaches 74.54% and total cumulative return in cash sums $156,439. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,874/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
7,257 sqft 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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Listed by: Vickie Sessler • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10586521
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