2637 Cornell Dr NWRoanokeVA24012
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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 2637 Cornell Dr NW, Roanoke, VA, 24012 uses $69,613 cash to close to unlock $3,510/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $1,548/mo, and a $1,028/mo payment keeps the spread at $293/mo. Purchase price stands at $209,995, and rental yield measures 8.85% with $1,548/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $58,018 over five years. Five-year ROI reaches 129.62% and total cumulative return in cash records $90,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,548/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1949
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24012, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,046 (100%) |
| Owner Occupied HU | 7,442 (53.0%) |
| Renter Occupied HU | 5,506 (39.2%) |
| Vacant Housing Units | 1,098 ( 7.8%) |
| Median Home Value | $226,162 |
| Average Home Value | $283,920 |
Housing Distribution
Address Breakdown
Residential
13,750
Single Family
11,722
Multi-Family
2,028
Businesses
1,260
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