1610 Cove Rd 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
Investment property for sale in Roanoke at 1610 Cove Rd NW, Roanoke, VA, 24017 offers a 10.75% rental yield on a $248,000 purchase with $2,222/mo rent. Total monthly income registers $2,222/mo, and a $1,214/mo payment leaves $739/mo available for distribution. Annual cash flow reaches $8,872/yr on $82,212 to close, and return on cash invested stands at 30.7% in year one. Equity gained on principal adds $1,600/yr while 5% annual appreciation supports $68,518 over five years. Portfolio math shows five-year ROI at 160.48% and total cumulative return in cash at $131,934. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,222/mo property income against a $1,214/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.82 Acres 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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