1326 Gilmer Ave NWRoanokeVA24017
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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 1326 Gilmer Ave NW, Roanoke, VA, 24017 generates $835/mo in rent and, after a $509/mo payment, leaves $213/mo in cash flow. Total monthly income is $835/mo, and annual cash flow is $2,561/yr on $34,459 invested. Return on cash invested sits at 27.34% in year one, and rental yield is 9.64% on a $103,950 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation builds toward $28,719 over five years. Five-year ROI reaches 142.49% and total cumulative return in cash sums $49,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $835/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24017, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,832 (100%) |
| Owner Occupied HU | 4,937 (45.6%) |
| Renter Occupied HU | 4,745 (43.8%) |
| Vacant Housing Units | 1,150 (10.6%) |
| Median Home Value | $179,363 |
| Average Home Value | $249,002 |
Housing Distribution
Address Breakdown
Residential
10,227
Single Family
9,345
Multi-Family
882
Businesses
659
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Listed by: Courtnee W Bishop • MKB, REALTORS(r)
Mls Name: RVAR
Mls Provider:
Mls ID: #911399
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