2001 Lynn Ave SWRoanokeVA24014
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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 2001 Lynn Ave SW, Roanoke, VA, 24014 offers $1,381/mo rent that, after a $6,841/mo payment. Total monthly income is $1,381/mo. Return on cash invested measures 1.89% in year one, and rental yield stands at 1.19% at a $1,397,670 entry. Equity gained on principal adds $9,019/yr while 5% annual appreciation compounds into $386,150 by year five. Five-year ROI records 5.82% and total cumulative return in cash reaches $26,372. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,381/mo property income versus a $6,841/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1974
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24014, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,130 (100%) |
| Owner Occupied HU | 5,019 (61.7%) |
| Renter Occupied HU | 2,509 (30.9%) |
| Vacant Housing Units | 602 ( 7.4%) |
| Median Home Value | $350,159 |
| Average Home Value | $429,694 |
Housing Distribution
Address Breakdown
Residential
8,240
Single Family
6,803
Multi-Family
1,437
Businesses
620
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