1109 Morehead Ave SERoanokeVA24013
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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
Investment property for sale in Roanoke at 1109 Morehead Ave SE, Roanoke, VA, 24013 listed at $199,950 pairs $1,507/mo rent with a $979/mo payment to leave $311/mo cash flow. Total monthly income runs $1,507/mo, and annual cash flow reaches $3,737/yr on $66,283 cash to close. Return on cash invested measures 25.55% in year one, and rental yield registers 9.04% at a $199,950 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,243 by year five. Five-year ROI tracks 132.84% and total cumulative return in cash totals $88,048. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,507/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24013, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,487 (100%) |
| Owner Occupied HU | 1,373 (39.4%) |
| Renter Occupied HU | 1,630 (46.7%) |
| Vacant Housing Units | 484 (13.9%) |
| Median Home Value | $107,019 |
| Average Home Value | $179,896 |
Housing Distribution
Address Breakdown
Residential
3,260
Single Family
3,112
Multi-Family
148
Businesses
213
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