Norfolk, VA — Rental Investment Analysis
🟡MODERATE— average returnsCap Rate
4.4%
Below average
Monthly Cash Flow
-$502
After all expenses
Price-to-Rent
13.4
Investor-friendly
DSCR
0.69
Fails
📊 Key Metrics
- Median Home Price
- $321,358
- Average Rent (3BR)
- $1,970/mo
- Price-to-Rent Ratio
- 13.4(good)
- 1% Rule
- 0.62%(fails — need 1%+)
- Cash-on-Cash Return
- -8.6%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 3.8%(-0.5% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.3% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.8%
of assessed value (VA avg)
Median Income
$80,615
household (VA avg)
Rent-to-Income
29.3%
Affordable
Section 8 Max Rent
$1,970/mo
3BR voucher payment
🏛️ VA Investor Climate
Landlord Friendly
6/10
State Income Tax
Has state tax
Property Tax
0.8% effective
Population Trend
+0.3% (3yr)
🏘️ Best Zip Codes in Norfolk for Investors
All Zip Codes in Norfolk
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 23510 | 5.7% | -$201 | $331,519 | $2,480/mo | 0.89 |
| 23509 | 5.2% | -$289 | $283,742 | $1,980/mo | 0.81 |
| 23513 | 5.2% | -$280 | $271,577 | $1,890/mo | 0.81 |
| 23523 | 4.8% | -$352 | $257,803 | $1,690/mo | 0.74 |
| 23502 | 4.6% | -$456 | $309,820 | $1,990/mo | 0.72 |
| 23504 | 4.5% | -$424 | $269,702 | $1,700/mo | 0.70 |
| 23517 | 4.3% | -$566 | $328,548 | $2,010/mo | 0.68 |
| 23503 | 4.3% | -$549 | $315,027 | $1,920/mo | 0.67 |
| 23505 | 4.2% | -$601 | $327,689 | $1,960/mo | 0.66 |
| 23518 | 3.9% | -$704 | $341,727 | $1,950/mo | 0.61 |
| 23508 | 3.6% | -$872 | $380,042 | $2,060/mo | 0.57 |
| 23507 | 2.7% | -$1,490 | $483,928 | $2,160/mo | 0.42 |