2046 Westover Ave SWRoanokeVA24015
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2046 Westover Ave SW, Roanoke, VA, 24015 in Roanoke earns its strong cash-flow label: 10.54% yield, $2,476/mo rent, $791/mo net income, DSCR 1.95. The $281,750 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $77,842 by year five. Combined with $2,595/yr in principal paydown, total projected return reaches $157,523.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 4.8% |
| Monthly Cash Flow | $791 | $850 |
City averages based on Roanoke market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,476 |
| Total Monthly Debt Service | $1,572 |
| DSCR Ratio | 1.57x |
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.
Multi Family
Built in 1910
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24015, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,042 (100%) |
| Owner Occupied HU | 4,314 (53.6%) |
| Renter Occupied HU | 3,196 (39.7%) |
| Vacant Housing Units | 532 ( 6.6%) |
| Median Home Value | $301,665 |
| Average Home Value | $340,228 |
Housing Distribution
Address Breakdown
Residential
7,774
Single Family
6,755
Multi-Family
1,019
Businesses
534
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
Multi Family
Built in 1910
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24015, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,042 (100%) |
| Owner Occupied HU | 4,314 (53.6%) |
| Renter Occupied HU | 3,196 (39.7%) |
| Vacant Housing Units | 532 ( 6.6%) |
| Median Home Value | $301,665 |
| Average Home Value | $340,228 |
Housing Distribution
Address Breakdown
Residential
7,774
Single Family
6,755
Multi-Family
1,019
Businesses
534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices