2644 Springhill Dr NWRoanokeVA24017
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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 2644 Springhill Dr NW, Roanoke, VA, 24017 listed at $155,250 pairs $1,751/mo rent with a $760/mo payment to leave $823/mo cash flow. Total monthly income runs $1,751/mo, and annual cash flow reaches $9,874/yr on $51,465 cash to close. Return on cash invested measures 39.09% in year one, and rental yield registers 13.53% at a $155,250 basis. Equity gained on principal adds $1,002/yr, and annual property appreciation at 5% supports $42,893 by year five. Five-year ROI tracks 205.44% and total cumulative return in cash totals $105,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,751/mo property income relative to a $760/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24017, Roanoke, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,832 (100%) |
| Owner Occupied HU | 4,937 (45.6%) |
| Renter Occupied HU | 4,745 (43.8%) |
| Vacant Housing Units | 1,150 (10.6%) |
| Median Home Value | $179,363 |
| Average Home Value | $249,002 |
Housing Distribution
Address Breakdown
Residential
10,227
Single Family
9,345
Multi-Family
882
Businesses
659
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