1523 Rorer Ave SWRoanokeVA24016
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 1523 Rorer Ave SW, Roanoke, VA, 24016 in Roanoke is narrow, $35/mo net on $1,470/mo rent after the $1,042/mo debt service, but the property operates at break-even-plus, not a loss. At $231,800 with a 7.35% yield, the long-run equity case via 5% appreciation ($64,042 over five years) and $2,135/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.41 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $93,133.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 4.8% |
| Monthly Cash Flow | $35 | $850 |
City averages based on Roanoke market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,470 |
| Total Monthly Debt Service | $1,293 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24016, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,423 (100%) |
| Owner Occupied HU | 1,159 (21.4%) |
| Renter Occupied HU | 3,460 (63.8%) |
| Vacant Housing Units | 804 (14.8%) |
| Median Home Value | $284,524 |
| Average Home Value | $433,268 |
Housing Distribution
Address Breakdown
Residential
5,017
Single Family
3,783
Multi-Family
1,234
Businesses
685
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24016, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,423 (100%) |
| Owner Occupied HU | 1,159 (21.4%) |
| Renter Occupied HU | 3,460 (63.8%) |
| Vacant Housing Units | 804 (14.8%) |
| Median Home Value | $284,524 |
| Average Home Value | $433,268 |
Housing Distribution
Address Breakdown
Residential
5,017
Single Family
3,783
Multi-Family
1,234
Businesses
685
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices