1138 Montrose 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 1138 Montrose Ave SE, Roanoke, VA, 24013 offers a 5.45% rental yield on a $399,995 purchase with $1,815/mo rent. 69% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,511 over five years. Portfolio math shows five-year ROI at 74.6% and total cumulative return in cash at $98,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,815/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1925
7,405 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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