1501 7th St 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 1501 7th St SE, Roanoke, VA, 24013 uses $61,328 cash to close to unlock $5,443/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $905/mo payment keeps the spread at $454/mo. Purchase price stands at $185,000, and rental yield measures 10.11% with $1,559/mo rent. Return on cash invested shows 28.78% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 150.18% and total cumulative return in cash records $92,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $905/mo payment rather than investor’s personal income.
Multi Family
Built in 1928
4,356 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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