Zip Code 23518 — Norfolk, VA
🔴WEAK— appreciation play onlyCap Rate
3.9%
Monthly Cash Flow
-$704
Median Home Price
$341,727
DSCR
0.61
🏠 Fair Market Rents
- Studio
- $1,200/mo
- 1 Bedroom
- $1,210/mo
- 2 Bedroom
- $1,400/mo
- 3 Bedroom
- $1,950/mo
- 4 Bedroom
- $2,370/mo
📊 Investment Metrics
- Cap Rate
- 3.9%
- Cash-on-Cash Return
- -10.8%
- Price-to-Rent Ratio
- 14.6
- 1% Rule
- 0.57%
- Gross Rent Multiplier
- 14.6
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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