203 Cherryhill 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
Rental property for sale in Roanoke at 203 Cherryhill Rd NW, Roanoke, VA, 24017 priced at $149,950 converts $1,693/mo rent into $797/mo cash flow after a $734/mo obligation. Total monthly income equals $1,693/mo, and annual cash flow totals $9,559/yr on $49,708 invested. Return on cash invested prints 39.14% in year one, and rental yield reads 13.55% against a $149,950 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,428 by year five. Five-year ROI reaches 205.73% and total cumulative return in cash sums $102,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,693/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1960
8,276 sqft 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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