211 Harrison Ave NWRoanokeVA24016
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
Investment Highlights
Investment property for sale in Roanoke at 211 Harrison Ave NW, Roanoke, VA, 24016 uses $82,858 cash to close to unlock $5,043/yr annual cash flow and $420/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,223/mo payment keeps the spread at $420/mo. Purchase price stands at $249,950, and rental yield measures 9.19% with $1,914/mo rent. Return on cash invested shows 25.99% in year one, and 5% annual appreciation builds toward $69,057 over five years. Five-year ROI reaches 135.23% and total cumulative return in cash records $112,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 2024
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices