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Turnkey Rental
The property at 7492 Diven Street shows excellent potential as a rental, with expected monthly income ranging between 1,909 and 2,033 dollars. This range reflects current market demand for similar three-bedroom homes in Norfolk. Investors can anticipate an impressive annual yield of nearly 10 percent based on market performance. With consistent demand in the area, this property presents a solid opportunity for stable, long-term rental income and steady growth.
Rental Income
$24K
Yield
10.0%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Updating your home brings a fresh, modern appeal that helps your property shine. You can expect a price per square foot of about $217 compared to the neighborhood average of $213, offering a modest, positive lift. This improvement enhances your home’s charm and boosts its rent potential to $2,348. With a 1.66% increase in value, these refinements are a smart way to ensure your property remains desirable for years to come.
Value Add
$5K
Appreciation
$2K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between 285,000 and 315,000 dollars. The 3-bed, 1-bath layout is well-positioned for the local market, ensuring strong demand from quality tenants upon completion. Projected rental income hits 2,348 dollars monthly, delivering a healthy 9.4 percent yield. These figures suggest a reliable cash-flow asset, provided renovation costs remain aligned with the target price points and current market sqft averages.
Rental Income
$28K
Yield
9.4%
Appreciation
$2K
Year 1 Estimates, Post Typical Renovation
More about this home
Neighborhood Assessment
7492 Diven St sits in Titustown, a residential neighborhood with sidewalks, a recreation center and local shops along West Little Creek Road. Walkability is modest—nearby errands are possible, but most residents rely on a car. Downtown Norfolk and Naval Station are within a practical drive. Nearby estimates range from about $212K for a smaller home to roughly $311K–$450K for larger or newer houses, suggesting meaningful value differences by size and finish.
Market Activity
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Estimated value
$237K
$70.2K below comp median
Comparative Market Analysis
$188K – $387K
~86 days to sell
Based on 8 comps
7492 Diven St, Norfolk Investment Report: Flip & Rental Analysis · Frontflip