2632 Bandy Rd 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
Investment property for sale in Roanoke at 2632 Bandy Rd SE, Roanoke, VA, 24014 uses $92,803 cash to close to unlock $3,189/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,939/mo, and a $1,370/mo payment keeps the spread at $266/mo. Purchase price stands at $279,950, and rental yield measures 8.31% with $1,939/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $77,345 over five years. Five-year ROI reaches 121% and total cumulative return in cash records $112,289. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,939/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2016
10,454 sqft 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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