2401 Cornwallis Ave SERoanokeVA24014
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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 2401 Cornwallis Ave SE, Roanoke, VA, 24014 priced at $1,193,600 pairs $3,408/mo rent with after a $5,842/mo payment. Total monthly income equals $3,408/mo. Return on cash invested is 8.8% in year one, and rental yield stands at 3.43% on a $1,193,600 basis. Equity gained on principal adds $7,702/yr, and 5% annual appreciation accumulates to $329,770 by year five. Five-year ROI measures 42.91% and total cumulative return in cash reaches $165,954. For financing, Ziffy Mortgage’s DSCR program evaluates $3,408/mo property income against a $5,842/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
0.32 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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