2806 Ridgefield St NERoanokeVA24012
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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 2806 Ridgefield St NE, Roanoke, VA, 24012 uses $55,593 cash to close to unlock $4,689/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,456/mo, and a $821/mo payment keeps the spread at $391/mo. Purchase price stands at $167,700, and rental yield measures 10.42% with $1,456/mo rent. Return on cash invested shows 28.34% in year one, and 5% annual appreciation builds toward $46,332 over five years. Five-year ROI reaches 148.31% and total cumulative return in cash records $82,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,456/mo property income covering a $821/mo payment rather than investor’s personal income.
Single Family
Built in 1929
8,329 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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