1802 Patterson Ave SWRoanokeVA24016
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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 1802 Patterson Ave SW, Roanoke, VA, 24016 generates $1,315/mo in rent, after a $1,664/mo payment. Total monthly income is $1,315/mo. Return on cash invested sits at 12.27% in year one, and rental yield is 4.64% on a $339,995 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,934 over five years. Five-year ROI reaches 61.62% and total cumulative return in cash sums $69,449. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,315/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
7,405 sqft 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
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