1028 Ray Rd SERoanokeVA24014
Nearby investment properties with comparable rents
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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 Roanoke at 1028 Ray Rd SE, Roanoke, VA, 24014 priced at $239,900 converts $1,447/mo rent into $11/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,447/mo, and annual cash flow totals $129/yr on $79,527 invested. Return on cash invested prints 20.07% in year one, and rental yield reads 7.24% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 103.45% and total cumulative return in cash sums $82,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,447/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Multi Family
Built in 1987
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24014, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,130 (100%) |
| Owner Occupied HU | 5,019 (61.7%) |
| Renter Occupied HU | 2,509 (30.9%) |
| Vacant Housing Units | 602 ( 7.4%) |
| Median Home Value | $350,159 |
| Average Home Value | $429,694 |
Housing Distribution
Address Breakdown
Residential
8,240
Single Family
6,803
Multi-Family
1,437
Businesses
620
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Listed by: Glenda D Mcdaniel • LONG & FOSTER - SMITH MTN LAKE
Mls Name: RVAR
Mls Provider:
Mls ID: #916581
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