2659 Nottingham 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
Rental property for sale in Roanoke at 2659 Nottingham Rd SE, Roanoke, VA, 24014 offers $3,404/mo rent that, after a $2,638/mo payment, leaves $115/mo cash flow. Total monthly income is $3,404/mo, and annual cash flow is $1,382/yr on $177,331 cash. Return on cash invested measures 20.84% in year one, and rental yield stands at 7.58% at a $539,000 entry. Equity gained on principal adds $3,478/yr while 5% annual appreciation compounds into $148,916 by year five. Five-year ROI records 107.7% and total cumulative return in cash reaches $190,980. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,404/mo property income versus a $2,638/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
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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Listed by: Susan Bailey • LONG & FOSTER - ROANOKE OFFICE
Mls Name: RVAR
Mls Provider:
Mls ID: #918007
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