1519 Wautauga St SW #ERoanokeVA24015
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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 1519 Wautauga St SW #E, Roanoke, VA, 24015 earns $214/mo cash flow from $1,374/mo rent with a $950/mo payment. Total monthly income totals $1,374/mo, and annual cash flow totals $2,566/yr on $64,311 capital. ROI tracks 23.9% on current figures, and rental yield reads 8.5% at a $194,000 purchase. Equity gained on principal adds $1,252/yr, and 5% annual appreciation supports $53,599 over five years. Five-year ROI reaches 123.97% and total cumulative return in cash sums $79,724. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,374/mo property income instead of your personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24015, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,042 (100%) |
| Owner Occupied HU | 4,314 (53.6%) |
| Renter Occupied HU | 3,196 (39.7%) |
| Vacant Housing Units | 532 ( 6.6%) |
| Median Home Value | $301,665 |
| Average Home Value | $340,228 |
Housing Distribution
Address Breakdown
Residential
7,774
Single Family
6,755
Multi-Family
1,019
Businesses
534
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