2603 Fairway Dr SWRoanokeVA24015
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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 2603 Fairway Dr SW, Roanoke, VA, 24015 generates $2,107/mo in rent and, after a $1,224/mo payment, leaves $612/mo in cash flow. Total monthly income is $2,107/mo, and annual cash flow is $7,346/yr on $82,875 invested. Return on cash invested sits at 28.77% in year one, and rental yield is 10.11% on a $249,999 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 150.15% and total cumulative return in cash sums $124,438. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,107/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
8,276 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
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